Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Acquires 12,165 Shares of Stock

Posted by Casey Walker on Dec 27th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 12,165 shares of Pioneer Municipal High Income Opportunities Fund stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $11.85 per share, with a total value of $144,155.25. Following the completion of the purchase, the insider now owns 2,010,649 shares in the company, valued at $23,826,190.65. This represents a 0.61 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Thursday, December 26th, Saba Capital Management, L.P. purchased 32,911 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $11.85 per share, for a total transaction of $389,995.35.
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, for a total transaction of $249,900.00.
On Tuesday, December 17th, Saba Capital Management, L.P. purchased 11,865 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.11 per share, with a total value 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 acquired at an average cost of $12.18 per share, for a total transaction of $91,410.90.
On Tuesday, December 10th, Saba Capital Management, L.P. bought 7,284 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.26 per share, with a total value of $89,301.84.
On Wednesday, November 27th, Saba Capital Management, L.P. purchased 3,881 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.19 per share, for a total transaction of $47,309.39.
On Monday, November 25th, Saba Capital Management, L.P. acquired 3,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.10 per share, with a total value of $44,770.00.
On Thursday, November 21st, Saba Capital Management, L.P. bought 8,760 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $12.05 per share, for a total transaction of $105,558.00.
On Tuesday, November 19th, Saba Capital Management, L.P. bought 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $12.17 per share, with a total value of $150,908.00.
On Thursday, November 14th, Saba Capital Management, L.P. purchased 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.21 per share, for a total transaction of $104,529.81.

Pioneer Municipal High Income Opportunities Fund Trading Up 0.8 %

NYSE:MIO traded up $0.10 on Friday, hitting $11.95. The stock had a trading volume of 64,559 shares, compared to its average volume of 36,680. The business’s 50-day simple moving average is $12.11 and its two-hundred day simple moving average is $12.07. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52-week low of $10.46 and a 52-week high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MIO. Rivernorth Capital Management LLC raised its holdings in Pioneer Municipal High Income Opportunities Fund by 49.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,132,947 shares of the company’s stock worth $14,049,000 after purchasing an additional 377,242 shares during the period. Whitebox Advisors LLC increased its position in 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 worth $1,335,000 after buying an additional 70,022 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter worth about $388,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Pioneer Municipal High Income Opportunities Fund by 82.9% during the 2nd 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 in the last quarter.