Categories: Insider Trading News

Saba capital administration buys $352,123 in Pioneer municipal excessive revenue fund


Saba Capital Administration, L.P., a big stakeholder in Pioneer Municipal Excessive Revenue Fund, Inc. (NYSE:MHI), has elevated its holdings within the firm. The fund, with a market capitalization of $214 million, has maintained a constant dividend fee observe file for 22 consecutive years, at the moment providing a 4.47% yield. In accordance with InvestingPro knowledge, MHI trades with notably low value volatility, with a beta of 0.67. The agency bought a complete of 37,218 shares over two days, December 17 and 18, 2024. These transactions amounted to a complete worth of $352,123, with the shares acquired at costs starting from $9.42 to $9.48 per share. Following these acquisitions, Saba Capital now holds 3,932,443 shares within the fund. The transactions have been reported in a current SEC submitting. The inventory is at the moment buying and selling close to its 52-week excessive of $9.74, with InvestingPro evaluation revealing 5 further key insights in regards to the fund’s monetary well being and market place.

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