Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Brief Interest Update


Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV – Get Rating) benefited from a significant drop in short-term interest rates in May. As of May 31, there was short interest totaling 3,900 shares, down 87.5% from the May 15 total of 31,200 shares. Based on an average daily trading volume of 73,400 shares, the short-term interest rate ratio is currently 0.1 day.

NYSE MAV traded at $0.01 during Friday’s midday session, hitting $9.03. The company’s stock had a trading volume of 2,551 shares, compared to an average volume of 73,259. The Pioneer Municipal High Income Advantage fund has a 52-week low of $8.61 and a 52-week high of 12, $98. The stock’s fifty-day simple moving average is $9.18 and its two-hundred-day simple moving average is $10.34.

The company also recently declared a monthly dividend, which will be paid on Thursday, June 30. Investors of record on Thursday, June 16 will receive a dividend of $0.04. The ex-date of this dividend is Wednesday, June 15. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 5.32%.

Large investors have recently changed their stock holdings. Robinson Capital Management LLC increased its holdings in the Pioneer Municipal High Income Advantage Fund by 154.9% in the first quarter. Robinson Capital Management LLC now owns 371,887 shares of the company worth $3,656,000 after purchasing an additional 225,967 shares during the period. Fiera Capital Corp increased its holdings of Pioneer Municipal High Income Advantage Fund shares by 181.8% in the first quarter. Fiera Capital Corp now owns 248,383 shares of the company valued at $2,442,000 after acquiring an additional 160,245 shares during the period. Citadel Advisors LLC acquired a new equity position in the Pioneer Municipal High Income Advantage Fund during the third quarter at a value of $1,429,000. Doyle Wealth Management acquired a new equity position in the Pioneer Municipal High Income Advantage Fund during the first quarter worth $804,000. Finally, Rivernorth Capital Management LLC increased its holdings of Pioneer Municipal High Income Advantage Fund shares by 11.6% in the first quarter. Rivernorth Capital Management LLC now owns 673,674 shares of the company valued at $6,622,000 after acquiring an additional 70,012 shares during the period.

About the Pioneer Municipal High Income Benefits Fund (Get an assessment)

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

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