Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Short Interest Down 33.4% in February

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 34,500 shares, a decrease of 33.4% from the February 13th total of 51,800 shares. Based on an average daily volume of 46,600 shares, the days-to-cover ratio is currently 0.7 days.

Pioneer Municipal High Income Fund Price Performance

Shares of Pioneer Municipal High Income Fund stock traded down $0.09 on Friday, reaching $9.24. The stock had a trading volume of 81,765 shares, compared to its average volume of 38,865. The business’s 50-day moving average price is $9.40 and its two-hundred day moving average price is $9.45. Pioneer Municipal High Income Fund has a fifty-two week low of $8.45 and a fifty-two week high of $9.74.

Pioneer Municipal High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On Pioneer Municipal High Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Saba Capital Management L.P. boosted its stake in Pioneer Municipal High Income Fund by 13.7% during the 4th quarter. Saba Capital Management L.P. now owns 4,107,961 shares of the investment management company’s stock valued at $38,040,000 after purchasing an additional 494,847 shares during the period. Citadel Advisors LLC acquired a new position in shares of Pioneer Municipal High Income Fund during the fourth quarter valued at about $93,000. Bank of America Corp DE lifted its stake in shares of Pioneer Municipal High Income Fund by 6.5% in the fourth quarter. Bank of America Corp DE now owns 34,955 shares of the investment management company’s stock valued at $324,000 after buying an additional 2,133 shares during the period. Almitas Capital LLC lifted its stake in shares of Pioneer Municipal High Income Fund by 72.5% in the fourth quarter. Almitas Capital LLC now owns 195,878 shares of the investment management company’s stock valued at $1,814,000 after buying an additional 82,347 shares during the period. Finally, Stifel Financial Corp grew its position in Pioneer Municipal High Income Fund by 6.0% during the fourth quarter. Stifel Financial Corp now owns 38,049 shares of the investment management company’s stock worth $352,000 after buying an additional 2,159 shares in the last quarter.

About Pioneer Municipal High Income Fund

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.