Short Interest in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Increases By 18.3%

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI – Get Rating) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 18,100 shares, a growth of 18.3% from the June 30th total of 15,300 shares. Based on an average daily trading volume, of 79,200 shares, the days-to-cover ratio is currently 0.2 days.

Pioneer Municipal High Income Fund Price Performance

Shares of Pioneer Municipal High Income Fund stock opened at $9.92 on Friday. The business has a fifty day simple moving average of $9.53 and a two-hundred day simple moving average of $10.15. Pioneer Municipal High Income Fund has a 12 month low of $8.79 and a 12 month high of $13.03.

Pioneer Municipal High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, July 21st were given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 4.84%. The ex-dividend date was Wednesday, July 20th.

Hedge Funds Weigh In On Pioneer Municipal High Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG raised its position in shares of Pioneer Municipal High Income Fund by 3.6% in the 1st quarter. UBS Group AG now owns 34,412 shares of the investment management company’s stock worth $362,000 after purchasing an additional 1,201 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Pioneer Municipal High Income Fund by 1.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 99,841 shares of the investment management company’s stock worth $1,048,000 after purchasing an additional 1,413 shares during the last quarter. Integrated Capital Management Inc. raised its position in shares of Pioneer Municipal High Income Fund by 11.5% in the 2nd quarter. Integrated Capital Management Inc. now owns 15,976 shares of the investment management company’s stock worth $148,000 after purchasing an additional 1,644 shares during the last quarter. StrategIQ Financial Group LLC raised its position in shares of Pioneer Municipal High Income Fund by 6.7% in the 1st quarter. StrategIQ Financial Group LLC now owns 28,706 shares of the investment management company’s stock worth $301,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Goodwin Daniel L raised its position in shares of Pioneer Municipal High Income Fund by 15.4% in the 2nd quarter. Goodwin Daniel L now owns 15,000 shares of the investment management company’s stock worth $139,000 after purchasing an additional 2,000 shares during the last quarter.

About Pioneer Municipal High Income Fund

(Get Rating)

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.

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