Short Interest in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Grows By 24.3%

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 33,800 shares, an increase of 24.3% from the February 13th total of 27,200 shares. Based on an average trading volume of 52,800 shares, the short-interest ratio is presently 0.6 days.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of MAV traded up $0.03 during mid-day trading on Monday, reaching $8.44. 30,293 shares of the company’s stock traded hands, compared to its average volume of 51,768. Pioneer Municipal High Income Advantage Fund has a 12 month low of $7.77 and a 12 month high of $9.10. The business’s 50-day moving average price is $8.57 and its 200-day moving average price is $8.66.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Pioneer Municipal High Income Advantage Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC raised its stake in shares of Pioneer Municipal High Income Advantage Fund by 19.2% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,238,083 shares of the company’s stock worth $10,945,000 after purchasing an additional 199,614 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 3rd quarter worth about $203,000. Sanctuary Advisors LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 3rd quarter worth about $92,000. Park Avenue Securities LLC increased its holdings in shares of Pioneer Municipal High Income Advantage Fund by 4.7% during the 4th quarter. Park Avenue Securities LLC now owns 117,850 shares of the company’s stock valued at $993,000 after acquiring an additional 5,297 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Pioneer Municipal High Income Advantage Fund by 114.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 552,818 shares of the company’s stock valued at $4,660,000 after acquiring an additional 295,281 shares during the last quarter.

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.