Bank of America just raised its EUR/USD forecast
In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), acquired additional shares of the fund. The acquisition involved the purchase of 2,816 shares at a price of $8.19 per share, totaling approximately $23,063. The transaction comes as MAV trades near its 52-week low of $7.77, with the current share price at $8.11. According to InvestingPro data, the fund maintains an impressive 23-year track record of consistent dividend payments, currently yielding 4.78%. Following this transaction, Saba Capital Management's total holdings in the fund have increased to 3,925,705 shares.
Boaz Weinstein, a key figure associated with Saba Capital Management, also reported the transaction. Both Saba Capital Management and Weinstein are recognized as significant owners of the fund, holding more than ten percent of its shares. This transaction highlights ongoing interest and investment activity by prominent stakeholders in the fund.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.