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Saba Capital Management, L.P. has increased its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), a $205 million market cap fund currently trading at $8.57, through recent acquisitions of common stock. The firm purchased a total of 6,189 shares over two consecutive days. On January 23, 2025, Saba acquired 6,149 shares at a price of $8.50 per share. The following day, January 24, 2025, they added an additional 40 shares at $8.52 each. These transactions amounted to a total investment of $52,607, with the price per share ranging from $8.50 to $8.52. According to InvestingPro, MAV typically exhibits low price volatility, making it an potentially stable investment choice. Following these acquisitions, Saba Capital Management holds a total of 3,915,273 shares in the fund. The investment appears well-timed, as MAV maintains a healthy 4.58% dividend yield and has maintained dividend payments for 23 consecutive years. InvestingPro analysis reveals several more key insights about the fund's financial strength.
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