Saba Capital Management, L.P. Purchases 20,825 Shares of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Stock

Posted by MarketBeat News on Dec 25th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 20,825 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $12.00 per share, for a total transaction of $249,900.00. Following the completion of the transaction, the insider now directly owns 1,984,170 shares of the company’s stock, valued at $23,810,040. This represents a 1.06 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Tuesday, December 17th, Saba Capital Management, L.P. acquired 11,865 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $12.11 per share, for a total transaction 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 bought 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 shares were purchased at an average price of $12.26 per share, for a total transaction 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 stock was purchased at an average price of $12.19 per share, with a total value 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 purchased at an average price of $12.10 per share, for a total transaction 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 purchased at an average cost of $12.05 per share, with a total value of $105,558.00.
On Tuesday, November 19th, Saba Capital Management, L.P. acquired 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.17 per share, for a total transaction of $150,908.00.
On Thursday, November 14th, Saba Capital Management, L.P. acquired 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.21 per share, with a total value of $104,529.81.
On Monday, November 11th, Saba Capital Management, L.P. purchased 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.14 per share, for a total transaction of $20,152.40.
On Monday, November 4th, Saba Capital Management, L.P. acquired 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.14 per share, with a total value of $63,771.42.

Pioneer Municipal High Income Opportunities Fund Price Performance

MIO stock opened at $11.81 on Wednesday. The company’s fifty day moving average price is $12.13 and its 200-day moving average price is $12.07. Pioneer Municipal High Income Opportunities Fund, Inc. has a one year low of $10.46 and a one year high of $12.62.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

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The business also recently declared a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MIO. WMG Financial Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter worth about $117,000. Blue Bell Private Wealth Management LLC grew its holdings in 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. Sanctuary Advisors LLC bought a new stake in Pioneer Municipal High Income Opportunities Fund in the 2nd quarter worth approximately $388,000. Whitebox Advisors LLC raised its holdings in shares of 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 acquiring an additional 70,022 shares in the last quarter. Finally, Rivernorth Capital Management LLC boosted its position in shares of Pioneer Municipal High Income Opportunities Fund by 48.0% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock valued at $13,871,000 after acquiring an additional 362,964 shares during the last quarter.