Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Short Interest Up 41.4% in April

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 60,500 shares, a growth of 41.4% from the March 31st total of 42,800 shares. Based on an average trading volume of 49,600 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Pioneer Municipal High Income Fund

Several institutional investors have recently bought and sold shares of the company. Rivernorth Capital Management LLC lifted its position in shares of Pioneer Municipal High Income Fund by 155.3% in the third quarter. Rivernorth Capital Management LLC now owns 1,395,686 shares of the investment management company’s stock valued at $13,399,000 after acquiring an additional 849,106 shares in the last quarter. Park Avenue Securities LLC raised its stake in Pioneer Municipal High Income Fund by 4.4% in the 4th quarter. Park Avenue Securities LLC now owns 113,263 shares of the investment management company’s stock valued at $1,049,000 after purchasing an additional 4,767 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Pioneer Municipal High Income Fund in the 4th quarter valued at $736,000. Van ECK Associates Corp boosted its stake in Pioneer Municipal High Income Fund by 0.7% during the 4th quarter. Van ECK Associates Corp now owns 163,778 shares of the investment management company’s stock worth $1,517,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Pioneer Municipal High Income Fund by 11.3% during the fourth quarter. Bank of New York Mellon Corp now owns 59,602 shares of the investment management company’s stock worth $552,000 after buying an additional 6,044 shares in the last quarter.

Pioneer Municipal High Income Fund Stock Down 0.2 %

MHI opened at $9.10 on Friday. The firm’s fifty day simple moving average is $9.13 and its two-hundred day simple moving average is $9.32. Pioneer Municipal High Income Fund has a 52-week low of $8.62 and a 52-week high of $9.74.

Pioneer Municipal High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 17th were paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Thursday, April 17th.

Pioneer Municipal High Income Fund Company Profile

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.