Saba Capital Management, L.P., a significant owner of Pioneer Municipal High Income Fund, Inc. (NYSE:MHI), reported the acquisition of 7,974 shares of common stock on December 4, 2024. The shares were purchased at a price of $9.61 each, totaling approximately $76,630. The fund, with a market capitalization of $219 million, has demonstrated strong performance with a 16.45% year-to-date return. Following the transaction, Saba Capital Management holds 3,891,581 shares indirectly. This transaction was disclosed in a recent SEC filing, highlighting Saba Capital's continued investment in the municipal bond fund. According to InvestingPro, MHI maintains a 4.35% dividend yield and has sustained dividend payments for 22 consecutive years. The stock exhibits low volatility with a beta of 0.67, and currently trades near its 52-week high. Subscribers can access 4 additional ProTips and comprehensive financial metrics on the platform.
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