Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Acquires 6,637 Shares

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. bought 6,637 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was bought at an average cost of $11.84 per share, for a total transaction of $78,582.08. Following the transaction, the insider now owns 2,095,894 shares of the company’s stock, valued at $24,815,384.96. The trade was a 0.32 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, January 10th, Saba Capital Management, L.P. purchased 100 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $11.89 per share, with a total value of $1,189.00.
• On Wednesday, January 8th, Saba Capital Management, L.P. acquired 2,769 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $12.00 per share, for a total transaction of $33,228.00.
• On Thursday, January 2nd, Saba Capital Management, L.P. bought 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $11.96 per share, for a total transaction of $63,591.32.
• On Monday, December 30th, Saba Capital Management, L.P. purchased 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $11.91 per share, with a total value of $255,695.79.
• On Thursday, December 26th, Saba Capital Management, L.P. bought 32,911 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $11.85 per share, for a total transaction of $389,995.35.
• On Monday, December 23rd, Saba Capital Management, L.P. purchased 12,165 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $11.85 per share, with a total value of $144,155.25.
• On Thursday, December 19th, Saba Capital Management, L.P. acquired 20,825 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.00 per share, with a total value of $249,900.00.
• On Tuesday, December 17th, Saba Capital Management, L.P. bought 11,865 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.11 per share, for a total transaction of $143,685.15.
• On Thursday, December 12th, Saba Capital Management, L.P. acquired 7,505 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.18 per share, with a total value of $91,410.90.
• On Tuesday, December 10th, Saba Capital Management, L.P. acquired 7,284 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $12.26 per share, for a total transaction of $89,301.84.

Pioneer Municipal High Income Opportunities Fund Trading Up 0.7 %

Shares of MIO opened at $11.97 on Wednesday. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52 week low of $10.55 and a 52 week high of $12.62. The firm’s 50-day simple moving average is $12.07 and its 200 day simple moving average is $12.12.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in Pioneer Municipal High Income Opportunities Fund during the 2nd quarter worth $388,000. Whitebox Advisors LLC grew its stake in shares of Pioneer Municipal High Income Opportunities Fund by 157.0% in the second quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock valued at $1,335,000 after acquiring an additional 70,022 shares in the last quarter. Finally, Rivernorth Capital Management LLC raised its stake in Pioneer Municipal High Income Opportunities Fund by 48.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock worth $13,871,000 after purchasing an additional 362,964 shares in the last quarter.