BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 30,200 shares, a decline of 37.1% from the September 30th total of 48,000 shares. Based on an average daily trading volume, of 115,900 shares, the days-to-cover ratio is currently 0.3 days.
BNY Mellon Strategic Municipal Bond Fund Stock Performance
DSM opened at $6.01 on Friday. The company’s 50-day simple moving average is $6.18 and its two-hundred day simple moving average is $5.94. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $4.69 and a 52-week high of $6.38.
BNY Mellon Strategic Municipal Bond Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.018 dividend. This represents a $0.22 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, October 15th.
Institutional Investors Weigh In On BNY Mellon Strategic Municipal Bond Fund
BNY Mellon Strategic Municipal Bond Fund Company Profile
BNY Mellon Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax.
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