Saba Capital Management, L.P., a significant stakeholder in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI), has increased its holdings in the company. The fund, with a market capitalization of $214 million, has maintained a consistent dividend payment track record for 22 consecutive years, currently offering a 4.47% yield. According to InvestingPro data, MHI trades with notably low price volatility, with a beta of 0.67. The firm purchased a total of 37,218 shares over two days, December 17 and 18, 2024. These transactions amounted to a total value of $352,123, with the shares acquired at prices ranging from $9.42 to $9.48 per share. Following these acquisitions, Saba Capital now holds 3,932,443 shares in the fund. The transactions were reported in a recent SEC filing. The stock is currently trading near its 52-week high of $9.74, with InvestingPro analysis revealing 5 additional key insights about the fund’s financial health and market position.
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