Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Buys $33,228.00 in Stock

Posted by Joseph Casey on Jan 10th, 2025

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 2,769 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were bought at an average price of $12.00 per share, with a total value of $33,228.00. Following the completion of the purchase, the insider now owns 2,089,157 shares in the company, valued at approximately $25,069,884. The trade was a 0.13 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Thursday, January 2nd, Saba Capital Management, L.P. acquired 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $11.96 per share, with a total value of $63,591.32.
On Monday, December 30th, Saba Capital Management, L.P. acquired 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $11.91 per share, for a total transaction of $255,695.79.
On Thursday, December 26th, Saba Capital Management, L.P. purchased 32,911 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $11.85 per share, for a total transaction of $389,995.35.
On Monday, December 23rd, Saba Capital Management, L.P. acquired 12,165 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $11.85 per share, with a total value of $144,155.25.
On Thursday, December 19th, Saba Capital Management, L.P. bought 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 shares were 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 stock was bought at an average price 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 shares were bought at an average price of $12.26 per share, with a total value of $89,301.84.
On Wednesday, November 27th, Saba Capital Management, L.P. acquired 3,881 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.19 per share, with a total value of $47,309.39.
On Monday, November 25th, Saba Capital Management, L.P. bought 3,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $12.10 per share, for a total transaction of $44,770.00.

Pioneer Municipal High Income Opportunities Fund Trading Down 0.5 %

MIO stock traded down $0.06 during trading on Friday, hitting $11.94. 14,927 shares of the stock traded hands, compared to its average volume of 12,489. Pioneer Municipal High Income Opportunities Fund, Inc. has a one year low of $10.48 and a one year high of $12.62. The company has a 50 day simple moving average of $12.09 and a 200 day simple moving average of $12.10.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

Hedge funds have recently modified their holdings of the stock. Whitebox Advisors LLC lifted its holdings in Pioneer Municipal High Income Opportunities Fund by 157.0% during the 2nd 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. Rivernorth Capital Management LLC raised its position in shares of Pioneer Municipal High Income Opportunities Fund by 48.0% during the third quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock worth $13,871,000 after acquiring an additional 362,964 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter valued at $388,000.