Saba Capital Management buys $340,471 worth of Pioneer Municipal High Income Fund By Investing.com shares

Saba Capital Management, LP, a significant shareholder 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 in two transactions. The purchases occurred on December 27 and December 30 at prices ranging from $11.87 to $11.91 per share, for a total investment of $340,471. The fund’s shares are currently trading at $11.90, having delivered an impressive year-to-date return of 18.85%.

Following these transactions, Saba Capital’s total ownership in Pioneer Municipal High Income Opportunities Fund increased to 2,079,938 shares. The move underscores the firm’s continued 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 InvestingProthe fund maintains a FAIR rating of financial health, with additional analysis and insights available to subscribers.

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