MAV Stock Summary and Trading Ideas (Pioneer Muni High Income Advantage Trust | NYSE:MAV)

Pioneer Municipal High Income Advantage Trust is a closed-end fund designed to pursue high current income exempt from regular federal income tax, with capital appreciation as a secondary objective. The Trust invests in a professionally managed portfolio of municipal securities from across the United States. Up to 25% of the Trust’s total assets may be invested in municipal securities the interest income on which is a preference item for purposes of the alternative minimum tax. Distributions from sources other than interest income from securities including capital gain distributions, are not exempt from regular federal income tax. Income from the Trust will not be exempt from state and local taxes. A portion of income may be subject to state, federal, and/or alternative minimum tax. Capital gains, if any, are subject to a capital gains tax. Investments in high yield or lower-rated securities are subject to greater-than-average risk. If the Internal Revenue Service determines an issuer of a municipal security has not complied with applicable tax requirements, interest from the security could become taxable and the security could decline significantly in value. Investments in the fund are subject to possible loss due to the financial failure of underlying securities and their inability to meet their debt obligations. When interest rates rise, the prices of fixed-income securities in the fund will generally fall. Conversely, when interest rates fall the prices of fixed-income securities in the fund will generally rise. Leverage creates significant risks, including the risk that the fund’s income or capital appreciation will not be sufficient to cover the cost of leverage, which may adversely affect the return. These risks may increase share price volatility.

Pioneer Muni High Income Advantage Trust trades on the NYSE stock market under the symbol MAV.

As of April 19, 2024, MAV stock price declined to $7.82 with 20,036 million shares trading.

MAV has a beta of 0.75, meaning it tends to be less sensitive to market movements. MAV has a correlation of 0.34 to the broad based SPY ETF.

MAV has a market cap of $186.89 million. This is considered a Micro Cap stock.

In the last 3 years, MAV stock traded as high as $12.98 and as low as $6.37.

MAV has underperformed the market in the last year with a return of +3.2%, while the SPY ETF gained +21.2%. In the last 3 month period, MAV fell short of the market, returning +0.5%, while SPY returned +3.0%. However, in the most recent 2 weeks MAV has outperformed the stock market by returning -1.9%, while SPY returned -4.5%.

MAV support price is $7.79 and resistance is $7.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAV stock will trade within this expected range on the day.