Sabah Capital Management increased its stake in Pioneer Municipal High Income Opportunities Fund by Investing.com

Saba Capital Management, LP, a leading investment firm, recently purchased shares in Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) widened its position. The transaction, reported on January 6, 2025, involved the purchase of 6,450 shares over two days, January 2 and January 3, at prices ranging from $11.96 to $11.99 per share. The total value of these purchases comes to $77,175. Currently trading at $12.06, the fund’s shares yield a 5 percent dividend yield. As he says Invest Pro Analysis, the stock’s RSI shows an oversold territory, which may indicate a buying opportunity.

Following these purchases, Sabah Capital Management currently holds a total of 2,086,388 shares in the fund. The acquisitions reflect the firm’s continued investment interest in the fund, which focuses on municipal high-income opportunities.

The transactions were signed on behalf of Sabah Capital Management and Boaz Weinstein on January 6, 2025.

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