Short Interest in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Declines By 14.8%

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 51,400 shares, a decrease of 14.8% from the August 31st total of 60,300 shares. Based on an average daily trading volume, of 51,900 shares, the short-interest ratio is currently 1.0 days.

Insider Buying and Selling

In other Pioneer Municipal High Income Advantage Fund news, major shareholder Saba Capital Management, L.P. bought 21,324 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was bought at an average cost of $8.35 per share, with a total value of $178,055.40. Following the completion of the transaction, the insider now directly owns 2,910,950 shares of the company’s stock, valued at approximately $24,306,432.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have bought 321,932 shares of company stock worth $2,743,644.

Institutional Investors Weigh In On Pioneer Municipal High Income Advantage Fund

A number of large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund in the second quarter worth $53,000. PNC Financial Services Group Inc. bought a new position in Pioneer Municipal High Income Advantage Fund in the 4th quarter worth $72,000. Wealthspire Advisors LLC acquired a new position in Pioneer Municipal High Income Advantage Fund during the 2nd quarter worth $123,000. Catalytic Wealth RIA LLC bought a new stake in Pioneer Municipal High Income Advantage Fund during the fourth quarter valued at about $135,000. Finally, Kingswood Wealth Advisors LLC boosted its holdings in Pioneer Municipal High Income Advantage Fund by 33.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 46,725 shares of the company’s stock valued at $381,000 after acquiring an additional 11,810 shares during the period.

Pioneer Municipal High Income Advantage Fund Stock Up 0.5 %

Shares of NYSE:MAV opened at $8.87 on Friday. The business has a 50-day moving average of $8.71 and a two-hundred day moving average of $8.30. Pioneer Municipal High Income Advantage Fund has a fifty-two week low of $6.37 and a fifty-two week high of $9.10.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.39 annualized dividend and a yield of 4.40%.

About Pioneer Municipal High Income Advantage Fund

Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.