Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Acquires $33,948.00 in Stock

Posted by James Quigley on Feb 3rd, 2025

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 2,829 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of $12.00 per share, for a total transaction of $33,948.00. Following the completion of the purchase, the insider now owns 2,113,637 shares of the company’s stock, valued at $25,363,644. This trade represents a 0.13 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

On Monday, January 27th, Saba Capital Management, L.P. purchased 913 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $11.97 per share, with a total value of $10,928.61.
On Thursday, January 23rd, Saba Capital Management, L.P. acquired 11,150 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $11.92 per share, for a total transaction of $132,908.00.
On Tuesday, January 21st, Saba Capital Management, L.P. bought 51 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $11.91 per share, with a total value of $607.41.
On Thursday, January 16th, Saba Capital Management, L.P. acquired 6,637 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $11.84 per share, with a total value of $78,582.08.
On Friday, January 10th, Saba Capital Management, L.P. bought 100 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $11.89 per share, for a total transaction of $1,189.00.
On Wednesday, January 8th, Saba Capital Management, L.P. purchased 2,769 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 $33,228.00.
On Thursday, January 2nd, Saba Capital Management, L.P. acquired 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought 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. bought 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $11.91 per share, for a total transaction of $255,695.79.
On Thursday, December 26th, Saba Capital Management, L.P. acquired 32,911 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought 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 stock was purchased at an average cost of $11.85 per share, with a total value of $144,155.25.

Pioneer Municipal High Income Opportunities Fund Price Performance

Shares of MIO traded up $0.07 during trading hours on Monday, reaching $12.08. The stock had a trading volume of 5,640 shares, compared to its average volume of 23,085. The firm has a 50-day simple moving average of $12.05 and a 200 day simple moving average of $12.13. Pioneer Municipal High Income Opportunities Fund, Inc. has a 12 month low of $10.71 and a 12 month high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.60 annualized dividend and a dividend yield of 4.97%.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

Institutional investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC boosted its holdings in Pioneer Municipal High Income Opportunities Fund by 49.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,132,947 shares of the company’s stock worth $14,049,000 after acquiring an additional 377,242 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Pioneer Municipal High Income Opportunities Fund during the 2nd quarter worth approximately $388,000. Catalina Capital Group LLC bought a new stake in Pioneer Municipal High Income Opportunities Fund during the fourth quarter worth $219,000. Finally, Van ECK Associates Corp raised its position in Pioneer Municipal High Income Opportunities Fund by 1.9% in the fourth quarter. Van ECK Associates Corp now owns 121,916 shares of the company’s stock worth $1,446,000 after acquiring an additional 2,279 shares during the period.