Saba Capital Management, L.P., a significant stakeholder in Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO), has increased its holdings in the company. According to a recent SEC filing, Saba Capital purchased additional shares valued at approximately $93,225. The transactions were carried out over two days, with the shares being bought at prices ranging from $12.10 to $12.18 per share. The fund has shown strong performance this year, with a total return of 20.25% YTD, while offering investors a dividend yield of 4.96%.
The acquisition consisted of 7,505 shares purchased on December 12 at $12.18 each and an additional 150 shares on December 13 at $12.10 each. Following these transactions, Saba Capital now holds 1,933,565 shares of the fund. The current share price sits near its 52-week high of $12.62, having rebounded significantly from its low of $10.33.
The filing also lists Boaz Weinstein as a reporting owner, highlighting his role as a significant stakeholder alongside Saba Capital. Both parties have consistently been involved in transactions concerning Pioneer Municipal High Income Opportunities Fund, reflecting their ongoing investment strategy in this sector. According to InvestingPro analysis, the stock's RSI indicates oversold territory, suggesting potential value at current levels. InvestingPro subscribers have access to 6 additional key insights about MIO's valuation and financial health.
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