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In a recent transaction reported to the Securities and Exchange Commission, Saba Capital Management, L.P., a significant stakeholder, acquired additional shares of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO). The purchase, executed on April 7, involved 700 shares at a price of $11.64 per share, amounting to a total investment of $8,148. The fund, currently trading at $11.48, offers a notable dividend yield of 5.15% and has delivered a positive return of 9.39% over the past year, according to InvestingPro data.
Following this acquisition, Saba Capital Management now holds a total of 2,114,337 shares of the fund. The transaction reflects the firm's continued interest in the municipal high-income opportunities offered by Pioneer. The filing was signed by Zachary Gindes on behalf of Saba Capital Management and by Boaz Weinstein, both on April 8. InvestingPro analysis indicates the stock is currently in oversold territory based on RSI readings, with historically low price volatility - just two of several technical insights available to subscribers.
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