Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Sees Large Growth in Short Interest

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 56,000 shares, a growth of 24.2% from the May 15th total of 45,100 shares. Based on an average daily volume of 36,200 shares, the days-to-cover ratio is currently 1.5 days.

Insider Buying and Selling

In other Pioneer Municipal High Income Opportunities Fund news, major shareholder Saba Capital Management, L.P. purchased 3,791 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $11.33 per share, for a total transaction of $42,952.03. Following the completion of the transaction, the insider now owns 1,738,506 shares in the company, valued at approximately $19,697,272.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 16,099 shares of company stock worth $182,524 in the last ninety days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Whitebox Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund in the 1st quarter worth approximately $504,000. Kingswood Wealth Advisors LLC lifted its holdings in shares of Pioneer Municipal High Income Opportunities Fund by 62.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 27,835 shares of the company’s stock valued at $315,000 after purchasing an additional 10,650 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the fourth quarter worth $225,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Pioneer Municipal High Income Opportunities Fund by 1,362.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 13,159 shares of the company’s stock worth $149,000 after buying an additional 12,259 shares during the period. Finally, Prudent Investors Network Inc. purchased a new position in shares of Pioneer Municipal High Income Opportunities Fund during the first quarter valued at $117,000.

Pioneer Municipal High Income Opportunities Fund Price Performance

NYSE:MIO opened at $11.69 on Friday. The company has a fifty day moving average of $11.26. Pioneer Municipal High Income Opportunities Fund has a 1-year low of $9.18 and a 1-year high of $11.70.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Tuesday, June 18th.