Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Sees Large Growth in Short Interest

() experienced a significant increase in short interest throughout the month of March. On April 30, there were 29,700 short shares. This is a 249.4% increase from the 8,500 shares on April 15. The short-interest rate is currently 0.5 days based on a daily average trading volume of 60,000 share.

Institutional investors weigh in on Pioneer Municipal High Income Afvantage Fund

Recent changes in hedge funds' holdings have been made. Morgan Stanley increased its stake in Pioneer Municipal High Income Advantage Fund during the fourth quarter by 9.6%. Morgan Stanley owns now 942,101 of the company’s stock valued at $7,631,000, after purchasing an additional 82131 shares in the last quarter. Guggenheim Capital LLC increased its stake in Pioneer Municipal High Income Advantage Fund during the third quarter by 26.9%. Guggenheim Capital LLC owns 464 999 shares worth $3,511,000, after purchasing an additional 98 494 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Pioneer Municipal High Income Advantage Fund during the third quarter by 17.3%. Advisors Asset Management Inc. owns 433,410 of the company stock, worth $3,272,000, after purchasing an additional 63871 shares in the last quarter. Robinson Capital Management LLC increased its stake in Pioneer Municipal High Income Advantage Fund during the third quarter by 2.0%. Robinson Capital Management LLC owns now 423,877 of the company’s stock valued at $3,213,000, after purchasing an additional 8,349 during the last quarterly. Fiera Capital Corp increased its stake in Pioneer Municipal High Income Advantage Fund during the fourth-quarter by 59.3%. Trading on Thursday saw a $0.01 decline, bringing the price to $8.02. The volume of the stock was 33,294 shares compared to an average of 64,818. Pioneer Municipal High Income Advantage Fund's 12-month low is $7.25, and its 12-month high is $9.53. The 50-day moving-average price of the company is $8.04, and its 200-day moving-average price is $9.53.

Pioneer Municipal High Income Fund Reduces Dividend

Recently, the firm announced that it would be paying a monthly dividend on May 31st. The dividend will be paid to shareholders who are registered on the 18th of May. On an annualized base, this represents a dividend of $0.36 and a yield of 4.49 percent. This dividend will be ex-dividend on Wednesday, May 17.

Pioneer Municipal High Income Benefit Fund

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Pioneer Municipal High Income Advantage Fund, Inc. is a closed-ended fixed income mutual funds launched and managed Pioneer Investment Management, Inc. The fund invests on the fixed income market of the United States. The fund invests in municipal bonds. The fund benchmarks its performance against the Barclays Capital High Yield Municipal Bond Index as well as the Barclays Capital Municipal Bond Index.

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