Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Short Interest Down 18.2% in February

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI – Get Rating) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 10,800 shares, a decrease of 18.2% from the January 31st total of 13,200 shares. Based on an average daily volume of 124,800 shares, the days-to-cover ratio is currently 0.1 days.

Pioneer Municipal High Income Fund Stock Up 1.1 %

NYSE:MHI opened at $8.62 on Friday. Pioneer Municipal High Income Fund has a fifty-two week low of $7.82 and a fifty-two week high of $11.23. The firm’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $8.86.

Pioneer Municipal High Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Friday, February 17th were paid a dividend of $0.0375 per share. The ex-dividend date was Thursday, February 16th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 5.22%.

Hedge Funds Weigh In On Pioneer Municipal High Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of Pioneer Municipal High Income Fund in the 4th quarter worth about $130,000. Logan Stone Capital LLC boosted its position in shares of Pioneer Municipal High Income Fund by 783.2% in the 4th quarter. Logan Stone Capital LLC now owns 173,222 shares of the investment management company’s stock worth $1,486,000 after buying an additional 153,609 shares in the last quarter. Morgan Stanley boosted its position in shares of Pioneer Municipal High Income Fund by 25.1% in the 4th quarter. Morgan Stanley now owns 1,660,133 shares of the investment management company’s stock worth $14,244,000 after buying an additional 333,285 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Pioneer Municipal High Income Fund by 9.8% in the 4th quarter. Wells Fargo & Company MN now owns 336,642 shares of the investment management company’s stock worth $2,888,000 after buying an additional 30,153 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Pioneer Municipal High Income Fund by 33.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 47,359 shares of the investment management company’s stock worth $407,000 after buying an additional 11,890 shares in the last quarter.

Pioneer Municipal High Income Fund Company Profile

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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.