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In a recent transaction, Saba Capital Management, L.P., a notable investor in Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO), acquired 26,990 shares of the fund’s common stock. The purchase, executed on April 11, 2025, was made at a price of $11.18 per share, totaling approximately $301,748. The stock currently trades at $11.17, offering a substantial dividend yield of 5.38%. According to InvestingPro data, MIO generally trades with low price volatility, making it an interesting option for stability-focused investors.
Following this acquisition, Saba Capital Management holds a significant stake in the fund, with 2,143,792 shares owned indirectly. This transaction underscores the firm’s continued interest and investment in the fund, which specializes in municipal high-income opportunities. The transaction was signed off by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein, another key figure associated with the firm. The fund has shown resilience with a positive 1-year total return of 4.6%, despite recent market volatility. Unlock more insights and discover 8 additional exclusive ProTips for MIO on InvestingPro.
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