Saba Capital Management, LP, a major shareholder of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO), recently increased its holdings in the company. According to a recent filing, Saba Capital acquired a total of 28,611 shares during two deals. The purchases were made on December 27 and 30 at prices ranging from $11.87 to $11.91 per share, amounting to a total investment of $340,471. The fund's shares are currently trading at $11.90, having generated an impressive 18.85% year-to-date return.
After these deals, Saba Capital’s total ownership in the Pioneer Municipal Fund for High-Income Opportunities increased to 2,079,938 shares. The move underscores the firm's continued interest in the fund, which focuses on high-income opportunities within the municipal bond market and currently offers a dividend yield of 5.02%. according to InvestingProThe fund maintains a FAIR score for financial health, with additional analysis and insights available to subscribers.
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