Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Buys $249,900.00 in Stock

Posted by John Perry on Dec 23rd, 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 business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $12.00 per share, for a total transaction of $249,900.00. Following the completion of the purchase, the insider now owns 1,984,170 shares in the company, valued at approximately $23,810,040. The trade was a 1.06 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 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 Tuesday, December 17th, Saba Capital Management, L.P. bought 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. purchased 7,505 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased 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. acquired 7,284 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $12.26 per share, with a total value of $89,301.84.
On Wednesday, November 27th, Saba Capital Management, L.P. bought 3,881 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $12.19 per share, for a total transaction of $47,309.39.
On Monday, November 25th, Saba Capital Management, L.P. purchased 3,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.10 per share, with a total value of $44,770.00.
On Thursday, November 21st, Saba Capital Management, L.P. purchased 8,760 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.05 per share, for a total transaction of $105,558.00.
On Tuesday, November 19th, Saba Capital Management, L.P. bought 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost 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 bought at an average cost of $12.21 per share, for a total transaction of $104,529.81.
On Monday, November 11th, Saba Capital Management, L.P. bought 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $12.14 per share, with a total value of $20,152.40.
On Monday, November 4th, Saba Capital Management, L.P. bought 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $12.14 per share, for a total transaction of $63,771.42.

Pioneer Municipal High Income Opportunities Fund Stock Performance

MIO traded down $0.03 during trading on Monday, hitting $11.85. 13,226 shares of the company traded hands, compared to its average volume of 35,988. Pioneer Municipal High Income Opportunities Fund, Inc. has a 1 year low of $10.46 and a 1 year high of $12.62. The stock’s 50-day simple moving average is $12.15 and its two-hundred day simple moving average is $12.07.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

A number of large investors have recently added to or reduced their stakes in the company. WMG Financial Advisors LLC bought a new position in Pioneer Municipal High Income Opportunities Fund in the 2nd quarter valued at $117,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Pioneer Municipal High Income Opportunities Fund by 82.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock valued at $280,000 after purchasing an additional 10,906 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter worth about $388,000. Whitebox Advisors LLC increased its stake in Pioneer Municipal High Income Opportunities Fund by 157.0% in the 2nd quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock worth $1,335,000 after buying an additional 70,022 shares during the period. Finally, Rivernorth Capital Management LLC lifted its holdings in 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 buying an additional 362,964 shares in the last quarter.