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

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 33,800 shares, an increase of 24.3% from the February 13th total of 27,200 shares. Based on an average trading volume of 52,800 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Pioneer Municipal High Income Advantage Fund

Institutional investors have recently added to or reduced their stakes in the company. Noble Wealth Management PBC bought a new position in Pioneer Municipal High Income Advantage Fund in the fourth quarter worth $51,000. Sanctuary Advisors LLC bought a new position in Pioneer Municipal High Income Advantage Fund in the third quarter worth $92,000. XML Financial LLC grew its stake in shares of Pioneer Municipal High Income Advantage Fund by 9.1% in the fourth quarter. XML Financial LLC now owns 19,100 shares of the company’s stock worth $161,000 after acquiring an additional 1,600 shares during the last quarter. Insigneo Advisory Services LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the third quarter worth $203,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the fourth quarter worth $197,000.

Pioneer Municipal High Income Advantage Fund Price Performance

MAV traded down $0.02 during trading on Tuesday, reaching $8.42. The stock had a trading volume of 64,827 shares, compared to its average volume of 51,923. The stock’s 50 day moving average is $8.57 and its two-hundred day moving average is $8.66. Pioneer Municipal High Income Advantage Fund has a one year low of $7.77 and a one year high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.0325 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.39 dividend on an annualized basis and a yield of 4.63%.

Pioneer Municipal High Income Advantage Fund Company Profile

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.