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

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 49,100 shares, a drop of 24.0% from the December 31st total of 64,600 shares. Based on an average trading volume of 55,800 shares, the short-interest ratio is currently 0.9 days.

Pioneer Municipal High Income Advantage Fund Trading Down 1.0 %

MAV stock traded down $0.09 on Friday, reaching $8.52. 81,503 shares of the company were exchanged, compared to its average volume of 41,305. The stock’s fifty day moving average price is $8.60 and its 200 day moving average price is $8.66. Pioneer Municipal High Income Advantage Fund has a 12 month low of $7.77 and a 12 month high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.0325 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.39 annualized dividend and a yield of 4.58%.

Institutional Trading of Pioneer Municipal High Income Advantage Fund

Hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in Pioneer Municipal High Income Advantage Fund in the 3rd quarter valued at $92,000. Moloney Securities Asset Management LLC bought a new stake in Pioneer Municipal High Income Advantage Fund during the third quarter worth about $97,000. XML Financial LLC bought a new stake in Pioneer Municipal High Income Advantage Fund during the 3rd quarter worth approximately $155,000. Insigneo Advisory Services LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund in the third quarter valued at $203,000. Finally, International Assets Investment Management LLC lifted its position in Pioneer Municipal High Income Advantage Fund by 784.0% during the 3rd quarter. International Assets Investment Management LLC now owns 57,460 shares of the company’s stock worth $508,000 after buying an additional 50,960 shares in the last quarter.

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.