Saba Capital Management, L.P., a significant owner in the Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), recently increased its holdings in the company. According to a recent SEC filing, the firm acquired 900 shares of common stock at a price of $8.49 per share on January 21, 2025, amounting to a total purchase value of $7,641. This transaction brings Saba Capital's total shares owned in the fund to 3,909,084. The fund, currently valued at $203.75 million, maintains a strong financial position with a current ratio of 17.9 and has consistently paid dividends for 23 consecutive years, according to InvestingPro data. The acquisition reflects ongoing interest in the fund by Saba Capital, which is led by Boaz Weinstein, a notable figure in the financial sector. Trading at a P/E ratio of 5.09 and demonstrating low price volatility, MAV shows promising metrics. For deeper insights and additional analysis, investors can access more exclusive tips on InvestingPro.
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