Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Short Interest Down 33.4% in February

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 34,500 shares, a decline of 33.4% from the February 13th total of 51,800 shares. Based on an average daily volume of 46,600 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Saba Capital Management L.P. grew its stake in shares of Pioneer Municipal High Income Fund by 13.7% during the 4th quarter. Saba Capital Management L.P. now owns 4,107,961 shares of the investment management company’s stock valued at $38,040,000 after acquiring an additional 494,847 shares during the period. Sit Investment Associates Inc. grew its stake in shares of Pioneer Municipal High Income Fund by 12.5% during the 4th quarter. Sit Investment Associates Inc. now owns 2,298,892 shares of the investment management company’s stock valued at $21,288,000 after acquiring an additional 256,036 shares during the period. Rivernorth Capital Management LLC grew its stake in shares of Pioneer Municipal High Income Fund by 155.3% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,395,686 shares of the investment management company’s stock valued at $13,399,000 after acquiring an additional 849,106 shares during the period. Wells Fargo & Company MN grew its stake in shares of Pioneer Municipal High Income Fund by 78.6% during the 4th quarter. Wells Fargo & Company MN now owns 588,862 shares of the investment management company’s stock valued at $5,453,000 after acquiring an additional 259,197 shares during the period. Finally, Guggenheim Capital LLC grew its stake in shares of Pioneer Municipal High Income Fund by 9.3% during the 4th quarter. Guggenheim Capital LLC now owns 523,916 shares of the investment management company’s stock valued at $4,851,000 after acquiring an additional 44,656 shares during the period.

Pioneer Municipal High Income Fund Stock Performance

NYSE:MHI traded up $0.05 during mid-day trading on Monday, hitting $9.29. 32,717 shares of the company traded hands, compared to its average volume of 47,111. The stock’s fifty day moving average price is $9.40 and its 200-day moving average price is $9.45. Pioneer Municipal High Income Fund has a one year low of $8.45 and a one year high of $9.74.

Pioneer Municipal High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.035 per share. The ex-dividend date is Friday, March 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.52%.

About Pioneer Municipal High Income Fund

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.