Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Short Interest Down 33.4% in February

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 34,500 shares, a decrease of 33.4% from the February 13th total of 51,800 shares. Based on an average daily volume of 46,600 shares, the days-to-cover ratio is presently 0.7 days.

Pioneer Municipal High Income Fund Trading Up 0.5 %

MHI stock traded up $0.05 during midday trading on Monday, hitting $9.29. The company’s stock had a trading volume of 32,717 shares, compared to its average volume of 47,111. Pioneer Municipal High Income Fund has a 12 month low of $8.45 and a 12 month high of $9.74. The company has a 50 day moving average of $9.40 and a two-hundred day moving average of $9.45.

Pioneer Municipal High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, March 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.52%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of 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 valued at $1,517,000 after acquiring an additional 1,125 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of Pioneer Municipal High Income Fund by 5.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 33,742 shares of the investment management company’s stock valued at $312,000 after acquiring an additional 1,773 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Pioneer Municipal High Income Fund by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 35,890 shares of the investment management company’s stock valued at $345,000 after acquiring an additional 1,836 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Pioneer Municipal High Income Fund by 6.5% during the 4th quarter. Bank of America Corp DE now owns 34,955 shares of the investment management company’s stock valued at $324,000 after acquiring an additional 2,133 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Pioneer Municipal High Income Fund by 4.4% during 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 acquiring an additional 4,767 shares during the last quarter.

About Pioneer Municipal High Income Fund

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.