Saba Capital Management, L.P., led by Boaz Weinstein, recently increased its stake in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI), a $219 million market cap fund currently trading near its 52-week high of $9.72. According to a recent SEC filing, the firm purchased 14,092 shares of common stock at a price of $9.54 per share, totaling approximately $134,437. This acquisition brings Saba Capital's total holdings in the fund to 3,883,607 shares. The fund, which offers a 4.38% dividend yield and has maintained dividend payments for 22 consecutive years according to InvestingPro, continues to attract institutional interest. The transaction reflects Saba Capital's continued interest in the municipal high-income sector, aligning with its investment strategies. InvestingPro subscribers have access to 6 additional key insights about MHI's financial health and market performance.
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