Short-term stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) increases 97.0%

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Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAVGet a rating) benefited from significant growth in short-term interest during the month of March. As of March 31, there were short interests totaling 6,500 shares, a growth of 97.0% from the March 15 total of 3,300 shares. Based on an average daily trading volume of 74,800 shares, the day-to-cover ratio is currently 0.1 day.

Shares of NYSE: MAV opened at $9.22 on Friday. The stock’s 50-day moving average price is $10.14 and its 200-day moving average price is $11.08. The Pioneer Municipal High Income Advantage Fund has a 12-month minimum of $9.19 and a 12-month maximum of $12.98.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 29. Shareholders of record on Tuesday, April 19 will receive a dividend of $0.04 per share. The ex-dividend date is Monday, April 18. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 5.21%.

Several large investors have recently made changes to their positions in MAV. Moloney Securities Asset Management LLC bought a new equity position in the Pioneer Municipal High Income Advantage Fund during the third quarter, valued at approximately $174,000. Commonwealth Equity Services LLC increased its holding in shares of Pioneer Municipal High Income Advantage Fund by 10.0% during the third quarter. Commonwealth Equity Services LLC now owns 36,677 shares of the company valued at $425,000 after purchasing an additional 3,333 shares in the last quarter. XML Financial LLC purchased a new equity position in Pioneer Municipal High Income Advantage Fund during the third quarter, valued at approximately $2,046,000. Cambridge Investment Research Advisors Inc. increased its holdings of Pioneer Municipal High Income Advantage Fund shares by 2.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 83,308 shares of the company worth $966,000 after purchasing an additional 2,299 shares during the period. Finally, 6 Meridian purchased a new equity stake in the Pioneer Municipal High Income Advantage Fund during the third quarter at a value of approximately $243,000.

About the Pioneer Municipal High Income Benefits Fund (Get a rating)

Pioneer Municipal High Income Advantage Fund, Inc. is a closed-end fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. The fund invests in the fixed income securities markets of the United States. It invests primarily in municipal bonds. The fund compares the performance of its portfolio to the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.

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