Categories: Insider Trading News

Saba capital buys $337,779 in Pioneer Municipal Excessive Earnings Fund inventory


Saba Capital Administration, L.P., a major shareholder in Pioneer Municipal Excessive Earnings Fund, Inc. (NYSE:MHI), has elevated its stake within the firm with current inventory purchases. The fund, which boasts a market capitalization of $213.37 million and a steady dividend historical past spanning 22 consecutive years, at the moment affords a 4.49% dividend yield. In keeping with a submitting with the Securities and Change Fee, Saba Capital acquired a complete of 36,034 shares over two days.

On December 19, the agency bought 28,734 shares at $9.38 per share, and on December 20, it acquired a further 7,300 shares at $9.35 per share. These transactions quantity to a complete funding of $337,779. Following these acquisitions, Saba Capital’s complete holdings in Pioneer Municipal Excessive Earnings Fund now stand at 3,968,477 shares. The fund demonstrates comparatively low volatility with a beta of 0.67 and powerful liquidity metrics, as revealed by InvestingPro evaluation.

The transactions have been executed by Saba Capital Administration, L.P., with Boaz Weinstein, a ten % proprietor, additionally listed within the submitting. The fund maintains a wholesome present ratio of two.07, indicating robust short-term monetary stability.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.

admin

Share
Published by
admin

Recent Posts

Oil Set for Historic April Selloff as Commerce Battle Darkens Outlook

(Bloomberg) -- Oil headed for its largest, full-month loss for April on indicators the US-led…

23 minutes ago

Donald Trump celebrates 100 days in workplace with campaign-style rally

Donald Trump has celebrated the one centesimal day of his second time period with a…

1 hour ago

Donald Trump celebrates 100 days in workplace with campaign-style rally

Donald Trump has celebrated the one hundredth day of his second time period with a…

1 hour ago

Stockpiling forward of tariffs doubtless damage US financial system within the first quarter

By Lucia Mutikani WASHINGTON (Reuters) -The U.S. financial system doubtless stalled and even contracted within…

2 hours ago

Australia treasurer, in election mode, highlights drop in core inflation

SYDNEY (Reuters) -Australia Treasurer Jim Chalmers stated the market was justified to count on extra…

2 hours ago

Shares wobble, oil costs weak as tariffs gas world development issues

By Rae Wee SINGAPORE (Reuters) - Shares struggled for route on Wednesday and oil costs…

3 hours ago