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MHI
Upturn stock ratingUpturn stock rating

Pioneer Municipal High Income Trust (MHI)

Upturn stock ratingUpturn stock rating
$9.16
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

06/30/2025: MHI (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $

1 Year Target Price $

Analysts Price Target For last 52 week
$Target price
Low$
Current$9.16
high$

Analysis of Past Performance

Type Stock
Historic Profit 0%
Avg. Invested days 0
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 208.59M USD
Price to earnings Ratio 4.43
1Y Target Price -
Price to earnings Ratio 4.43
1Y Target Price -
Volume (30-day avg) -
Beta 0.83
52 Weeks Range 8.63 - 9.74
Updated Date 06/29/2025
52 Weeks Range 8.63 - 9.74
Updated Date 06/29/2025
Dividends yield (FY) 4.59%
Basic EPS (TTM) 2.07

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 279.99%
Operating Margin (TTM) 84.39%

Management Effectiveness

Return on Assets (TTM) 3.03%
Return on Equity (TTM) 22.38%

Valuation

Trailing PE 4.43
Forward PE -
Enterprise Value 258531408
Price to Sales(TTM) 12.41
Enterprise Value 258531408
Price to Sales(TTM) 12.41
Enterprise Value to Revenue 4.36
Enterprise Value to EBITDA -
Shares Outstanding 22771300
Shares Floating -
Shares Outstanding 22771300
Shares Floating -
Percent Insiders -
Percent Institutions 67.55

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Pioneer Municipal High Income Trust

stock logo

Company Overview

overview logo History and Background

Pioneer Municipal High Income Trust (NYSE: MHI) is a closed-end investment fund. It focuses on providing a high level of current income exempt from federal income tax, consistent with preservation of capital. The fund has been operating for several years, adjusting its strategies to navigate the municipal bond market.

business area logo Core Business Areas

  • Municipal Bond Investments: MHI primarily invests in a diverse portfolio of municipal bonds. These bonds are issued by state and local governments and are generally exempt from federal income tax.
  • Leverage: MHI utilizes leverage to enhance returns. This involves borrowing funds to invest in additional municipal bonds.

leadership logo Leadership and Structure

The fund is managed by Amundi Asset Management US, Inc. The portfolio management team consists of experienced professionals specializing in municipal bonds.

Top Products and Market Share

overview logo Key Offerings

  • Municipal Bond Portfolio: MHI offers a diversified portfolio of municipal bonds, providing investors with tax-exempt income. Market share data specifically for MHI's share of the municipal bond fund market is not readily available. Competitors include other closed-end municipal bond funds such as BlackRock MuniYield Investment Quality Fund (MFT), Nuveen AMT-Free Quality Municipal Income Fund (NEA), and Eaton Vance Municipal Income Trust (EVN).

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, credit ratings of issuers, and federal tax policies. Demand for municipal bonds is generally high among investors seeking tax-exempt income.

Positioning

MHI aims to provide a high level of tax-exempt income through active management of its municipal bond portfolio. Its competitive advantage lies in its experienced management team and leveraged investment strategy.

Total Addressable Market (TAM)

The total US municipal bond market is estimated to be in the trillions of dollars. MHI's position is as a niche player offering a high-yield, actively managed strategy, targeting investors seeking tax-advantaged income.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • High level of tax-exempt income
  • Diversified municipal bond portfolio
  • Leveraged investment strategy

Weaknesses

  • Leverage increases risk
  • Vulnerability to interest rate fluctuations
  • Market sentiment
  • Dependence on management expertise

Opportunities

  • Rising demand for tax-exempt income
  • Potential for capital appreciation in certain municipal bonds
  • Expansion of investment mandate
  • Innovative financial models

Threats

  • Rising interest rates
  • Credit downgrades of municipal bond issuers
  • Changes in federal tax policy
  • Increased competition from other municipal bond funds

Competitors and Market Share

competitor logo Key Competitors

  • MFT
  • NEA
  • EVN

Competitive Landscape

MHI competes with other closed-end municipal bond funds. Its advantage lies in its active management and targeted high yield, but is constrained by increased volatility through the use of leverage, which is a competitive disadvantage compared to the other companies.

Growth Trajectory and Initiatives

Historical Growth: Unable to fulfill since access to real time financial data requires specific access.

Future Projections: Unable to fulfill since access to real time financial data requires specific access.

Recent Initiatives: Unable to fulfill since access to real time financial data requires specific access.

Summary

Pioneer Municipal High Income Trust (MHI) aims to provide high tax-exempt income through leveraged investments in municipal bonds. Its experienced management team and diversified portfolio are strengths, but leverage increases risk. Rising interest rates and credit downgrades pose threats. MHI needs to be strategic about risk and capitalize on opportunities like rising demand for tax-exempt income to maintain its competitive edge.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Amundi Asset Management US, Inc. - Pioneer Municipal High Income Trust Website
  • SEC Filings
  • Various Financial News Outlets and Market Analysis Reports.

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered financial advice. Market conditions and individual investment strategies may vary. Market share estimates are approximations based on available data.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Pioneer Municipal High Income Trust

Exchange NYSE
Headquaters Boston, MA, United States
IPO Launch date 2003-07-18
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

Pioneer Municipal High Income Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index and Barclays High Yield Municipal Bond Index. Pioneer Municipal High Income Fund, Inc. was formed on March 13, 2003 and is domiciled in the United States.