Short Interest in Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Grows By 33.6%

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 39,000 shares, a growth of 33.6% from the March 31st total of 29,200 shares. Based on an average daily trading volume, of 38,200 shares, the days-to-cover ratio is presently 1.0 days.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. bought 24,761 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was bought at an average cost of $11.10 per share, for a total transaction of $274,847.10. Following the transaction, the insider now owns 1,720,070 shares of the company’s stock, valued at $19,092,777. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Pioneer Municipal High Income Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC increased its position in Pioneer Municipal High Income Opportunities Fund by 1,362.1% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 13,159 shares of the company’s stock worth $149,000 after purchasing an additional 12,259 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Pioneer Municipal High Income Opportunities Fund during the fourth quarter valued at $225,000. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Pioneer Municipal High Income Opportunities Fund by 62.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 27,835 shares of the company’s stock valued at $315,000 after acquiring an additional 10,650 shares during the last quarter.

Pioneer Municipal High Income Opportunities Fund Stock Down 0.4 %

MIO stock opened at $11.06 on Friday. Pioneer Municipal High Income Opportunities Fund has a 1 year low of $9.18 and a 1 year high of $11.36.

Pioneer Municipal High Income Opportunities Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 19th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.42%. This is a boost from Pioneer Municipal High Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Thursday, April 18th.