Saba Capital Buys 5,310 Pioneer Municipal High Income Opportunities Fund Shares at $11.24

Pioneer Municipal High Income Opportunities Fund, Inc. [MIO] has announced that Saba Capital Management, L.P., a 10% owner of the company, has made a purchase of 5,310 shares at a price of $11.24 per share on April 21, 2023.

Saba Capital Management, L.P., a significant stakeholder in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI), has recently increased its holdings in the fund. According to a recent SEC filing, Saba Capital acquired 13,343 shares of common stock at a price of $8.70 per share on April 21, 2025. This transaction, valued at approximately $116,084, reflects Saba Capital’s ongoing investment strategy.

The fund, with a market capitalization of $198.57 million, currently trades near its 52-week low of $8.45 and offers a compelling dividend yield of 4.82%. InvestingPro data reveals that the fund has maintained dividend payments for 23 consecutive years. Following this acquisition, Saba Capital’s total ownership in Pioneer Municipal High Income Fund stands at 4,192,524 shares, making the firm a ten percent owner of the fund.

Boaz Weinstein, a key figure at Saba Capital, was also listed in the filing, underscoring the firm’s active role in managing its investment portfolio. The fund’s P/E ratio stands at 4.53, and its historically low price volatility (Beta: 0.73) makes it an attractive option for investors seeking stability. InvestingPro subscribers can access 4 additional exclusive insights about MHI’s financial health and market position.

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References:
[1] https://uk.investing.com/news/insider-trading-news/saba-capital-management-acquires-pioneer-municipal-high-income-fund-stock-for-116084-93CH-4040669