BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Update

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 18,400 shares, a decrease of 68.3% from the January 15th total of 58,000 shares. Based on an average daily trading volume, of 194,800 shares, the days-to-cover ratio is presently 0.1 days.

BNY Mellon Strategic Municipals Price Performance

Shares of BNY Mellon Strategic Municipals stock traded down $0.07 on Wednesday, reaching $6.14. 318,454 shares of the company’s stock were exchanged, compared to its average volume of 181,906. BNY Mellon Strategic Municipals has a 52 week low of $5.79 and a 52 week high of $6.64. The firm’s 50-day moving average is $6.16 and its two-hundred day moving average is $6.30.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.019 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.23 annualized dividend and a dividend yield of 3.71%.

Hedge Funds Weigh In On BNY Mellon Strategic Municipals

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rivernorth Capital Management LLC raised its stake in BNY Mellon Strategic Municipals by 25.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company’s stock worth $15,696,000 after buying an additional 492,244 shares during the period. Pathstone Holdings LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 133.1% during the third quarter. Pathstone Holdings LLC now owns 1,103,527 shares of the investment management company’s stock valued at $7,185,000 after acquiring an additional 630,137 shares in the last quarter. Van ECK Associates Corp raised its position in shares of BNY Mellon Strategic Municipals by 6.0% during the fourth quarter. Van ECK Associates Corp now owns 532,276 shares of the investment management company’s stock worth $3,215,000 after purchasing an additional 30,072 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 0.6% in the 4th quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company’s stock worth $2,847,000 after purchasing an additional 2,632 shares in the last quarter. Finally, Ackerman Capital Advisors LLC increased its stake in BNY Mellon Strategic Municipals by 28.2% during the 4th quarter. Ackerman Capital Advisors LLC now owns 317,221 shares of the investment management company’s stock valued at $1,916,000 after purchasing an additional 69,719 shares in the last quarter.

About BNY Mellon Strategic Municipals

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.