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Saba Capital Management, L.P., a prominent investment firm, recently acquired shares in Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO). On January 10, Saba Capital purchased 100 shares of common stock at a price of $11.89 per share, totaling $1,189. This transaction increases their holdings in the fund, which now amount to 2,089,257 shares. The fund currently trades at $11.88, offering a 5.02% dividend yield and has delivered a 16.85% return over the past year. The acquisition reflects Saba Capital's ongoing investment strategy in the municipal bond market. According to InvestingPro analysis, MIO's RSI suggests the stock is in oversold territory, with the price currently near its 52-week trading range of $10.48-$12.62. Subscribers can access 5 additional ProTips and detailed financial metrics to better evaluate this investment opportunity.
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