BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 54,700 shares, a growth of 173.5% from the July 15th total of 20,000 shares. Based on an average daily trading volume, of 188,100 shares, the short-interest ratio is presently 0.3 days.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in LEO. Novak & Powell Financial Services Inc. acquired a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at about $145,000. Spire Wealth Management bought a new position in BNY Mellon Strategic Municipals during the fourth quarter valued at about $145,000. Nomura Holdings Inc. acquired a new stake in BNY Mellon Strategic Municipals during the 4th quarter valued at $346,000. Van ECK Associates Corp boosted its stake in BNY Mellon Strategic Municipals by 14.1% in the first quarter. Van ECK Associates Corp now owns 543,640 shares of the investment management company’s stock worth $3,316,000 after purchasing an additional 67,120 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of BNY Mellon Strategic Municipals by 109.3% during the fourth quarter. Wolverine Asset Management LLC now owns 165,029 shares of the investment management company’s stock worth $967,000 after purchasing an additional 86,174 shares during the last quarter.
BNY Mellon Strategic Municipals Trading Down 0.8 %
NYSE:LEO traded down $0.05 during mid-day trading on Thursday, hitting $6.38. The company had a trading volume of 133,757 shares, compared to its average volume of 173,045. BNY Mellon Strategic Municipals has a 1 year low of $4.98 and a 1 year high of $6.43. The business has a fifty day simple moving average of $6.18 and a 200-day simple moving average of $6.05.
BNY Mellon Strategic Municipals Announces Dividend
BNY Mellon Strategic Municipals Company Profile
BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.
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