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 August. As of August 31st, there was short interest totalling 34,100 shares, a decline of 58.2% from the August 15th total of 81,500 shares. Based on an average daily volume of 119,500 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund
Several institutional investors and hedge funds have recently bought and sold shares of DSM. Wolverine Asset Management LLC boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 220.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 11,232 shares of the investment management company’s stock valued at $67,000 after buying an additional 7,732 shares during the period. Arbor Trust Wealth Advisors LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the second quarter valued at $77,000. Blue Bell Private Wealth Management LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the first quarter valued at $81,000. WMG Financial Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth about $87,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth about $94,000.
BNY Mellon Strategic Municipal Bond Fund Stock Down 0.3 %
NYSE:DSM traded down $0.02 during trading hours on Friday, hitting $6.31. The company had a trading volume of 65,778 shares, compared to its average volume of 132,335. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $4.69 and a 1 year high of $6.38. The company has a 50-day moving average of $6.03 and a 200 day moving average of $5.85.
BNY Mellon Strategic Municipal Bond Fund Announces Dividend
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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