Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Short Interest Update

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 51,400 shares, a drop of 14.8% from the August 31st total of 60,300 shares. Based on an average trading volume of 51,900 shares, the days-to-cover ratio is currently 1.0 days.

Pioneer Municipal High Income Advantage Fund Stock Performance

NYSE MAV traded up $0.04 during midday trading on Friday, hitting $8.87. The company had a trading volume of 62,101 shares, compared to its average volume of 56,130. The firm has a fifty day simple moving average of $8.71 and a two-hundred day simple moving average of $8.30. Pioneer Municipal High Income Advantage Fund has a fifty-two week low of $6.37 and a fifty-two week high of $9.10.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Friday, September 20th.

Insider Buying and Selling

In other Pioneer Municipal High Income Advantage Fund news, major shareholder Saba Capital Management, L.P. acquired 46,758 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was acquired at an average price of $8.34 per share, with a total value of $389,961.72. Following the transaction, the insider now owns 2,889,626 shares of the company’s stock, valued at $24,099,480.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 321,932 shares of company stock worth $2,743,644 in the last quarter.

Hedge Funds Weigh In On Pioneer Municipal High Income Advantage Fund

Large investors have recently added to or reduced their stakes in the company. Almitas Capital LLC grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 11.9% during the 2nd quarter. Almitas Capital LLC now owns 91,192 shares of the company’s stock worth $749,000 after purchasing an additional 9,700 shares in the last quarter. Whitebox Advisors LLC increased its holdings in Pioneer Municipal High Income Advantage Fund by 92.0% in the 2nd quarter. Whitebox Advisors LLC now owns 269,192 shares of the company’s stock valued at $2,210,000 after buying an additional 128,974 shares during the period. City of London Investment Management Co. Ltd. raised its stake in shares of Pioneer Municipal High Income Advantage Fund by 36.1% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 263,683 shares of the company’s stock valued at $2,165,000 after buying an additional 70,000 shares in the last quarter. Wealthspire Advisors LLC bought a new position in shares of Pioneer Municipal High Income Advantage Fund during the 2nd quarter worth about $123,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Pioneer Municipal High Income Advantage Fund by 95.8% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 53,934 shares of the company’s stock worth $443,000 after acquiring an additional 26,389 shares during the period.

Pioneer Municipal High Income Advantage Fund Company Profile

Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.