Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Buys 2,769 Shares of Stock

Posted by Lisa Durand on Jan 12th, 2025

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 2,769 shares of the stock in a transaction on Wednesday, January 8th. The shares were bought at an average cost of $12.00 per share, for a total transaction of $33,228.00. Following the transaction, the insider now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% 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 Thursday, January 2nd, Saba Capital Management, L.P. bought 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $11.96 per share, with a total value of $63,591.32.
On Monday, December 30th, Saba Capital Management, L.P. purchased 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased 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 stock was purchased at an average cost of $11.85 per share, with a total value of $389,995.35.
On Monday, December 23rd, Saba Capital Management, L.P. bought 12,165 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $11.85 per share, for a total transaction of $144,155.25.
On Thursday, December 19th, Saba Capital Management, L.P. purchased 20,825 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were 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. acquired 11,865 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.11 per share, with a total value of $143,685.15.
On Thursday, December 12th, Saba Capital Management, L.P. bought 7,505 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired 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. purchased 7,284 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost 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 stock was bought at an average price of $12.19 per share, for a total transaction 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 shares were bought at an average price of $12.10 per share, with a total value of $44,770.00.

Pioneer Municipal High Income Opportunities Fund Trading Down 0.5 %

Shares of MIO opened at $11.94 on Friday. The firm’s 50-day simple moving average is $12.09 and its 200 day simple moving average is $12.10. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52 week low of $10.48 and a 52 week high of $12.62.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

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

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

Several institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter worth $388,000. Whitebox Advisors LLC increased its position in Pioneer Municipal High Income Opportunities Fund by 157.0% during the second 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 during the period. Finally, Rivernorth Capital Management LLC boosted its holdings in Pioneer Municipal High Income Opportunities Fund by 48.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock valued at $13,871,000 after purchasing an additional 362,964 shares during the period.