Saba Capital Management, L.P., a prominent investment firm, has increased its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), a $203 million market cap fund with a notable 22-year dividend payment history and current yield of 4.6%, with significant acquisitions of common stock. According to a recent filing, Saba Capital purchased a total of 91,132 shares over two days, December 19 and December 20, at prices ranging from $8.50 to $8.53 per share. The total transaction value amounts to $775,335.
Following these transactions, Saba Capital now holds 3,668,522 shares of the fund. The acquisitions reflect Saba Capital’s ongoing interest in the fund, enhancing its position as a major stakeholder.
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