Saba Capital Management, L.P., a significant stakeholder in Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO), recently increased its holdings in the company. According to a recent filing, Saba Capital acquired a total of 28,611 shares over two transactions. The purchases occurred on December 27 and December 30 at prices ranging from $11.87 to $11.91 per share, amounting to a total investment of $340,471. The fund's shares currently trade at $11.90, having delivered an impressive 18.85% return year-to-date.
Following these transactions, Saba Capital's total ownership in Pioneer Municipal High Income Opportunities Fund rose to 2,079,938 shares. This move underscores the firm's ongoing interest in the fund, which focuses on high-income opportunities within the municipal bond market and currently offers a 5.02% dividend yield. According to InvestingPro, the fund maintains a FAIR financial health score, with additional analysis and insights available to subscribers.
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