Saba Capital Management, L.P. Acquires 8,760 Shares of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Stock

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. purchased 8,760 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of $12.05 per share, for a total transaction of $105,558.00. Following the completion of the acquisition, the insider now directly owns 1,896,824 shares of the company’s stock, valued at $22,856,729.20. This represents a 0.46 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Tuesday, November 19th, Saba Capital Management, L.P. acquired 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.17 per share, for a total transaction of $150,908.00.
• On Thursday, November 14th, Saba Capital Management, L.P. bought 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $12.21 per share, with a total value of $104,529.81.
• On Monday, November 11th, Saba Capital Management, L.P. purchased 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $12.14 per share, with a total value of $20,152.40.
• On Monday, November 4th, Saba Capital Management, L.P. purchased 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.14 per share, for a total transaction of $63,771.42.
• On Thursday, October 31st, Saba Capital Management, L.P. acquired 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.08 per share, for a total transaction of $29,728.88.
• On Tuesday, October 29th, Saba Capital Management, L.P. purchased 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $12.01 per share, for a total transaction of $126,909.67.
• On Wednesday, August 28th, Saba Capital Management, L.P. acquired 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $12.09 per share, with a total value of $18,135.00.

Pioneer Municipal High Income Opportunities Fund Stock Performance

NYSE:MIO traded down $0.01 on Monday, hitting $12.04. The stock had a trading volume of 38,298 shares, compared to its average volume of 35,831. The company has a fifty day moving average price of $12.23 and a two-hundred day moving average price of $11.95. Pioneer Municipal High Income Opportunities Fund, Inc. has a 1-year low of $9.99 and a 1-year high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Friday, November 15th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MIO. WMG Financial Advisors LLC acquired a new position in shares of Pioneer Municipal High Income Opportunities Fund in the 2nd quarter valued at $117,000. Prudent Investors Network Inc. purchased a new stake in Pioneer Municipal High Income Opportunities Fund in the 1st quarter valued at about $117,000. Blue Bell Private Wealth Management LLC lifted its position in Pioneer Municipal High Income Opportunities Fund by 82.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock valued at $280,000 after buying an additional 10,906 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund in the second quarter valued at about $388,000. Finally, Whitebox Advisors LLC boosted its stake in Pioneer Municipal High Income Opportunities Fund by 157.0% during the second quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock worth $1,335,000 after buying an additional 70,022 shares during the period.