Short Interest in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Rises By 8.4%

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 37,300 shares, a growth of 8.4% from the December 31st total of 34,400 shares. Based on an average trading volume of 135,700 shares, the short-interest ratio is currently 0.3 days.

BNY Mellon Strategic Municipal Bond Fund Price Performance

NYSE:DSM opened at $5.84 on Tuesday. BNY Mellon Strategic Municipal Bond Fund has a one year low of $5.54 and a one year high of $6.38. The company’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $6.03.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.018 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.22 annualized dividend and a yield of 3.70%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MidWestOne Financial Group Inc. purchased a new position in BNY Mellon Strategic Municipal Bond Fund in the third quarter worth about $76,000. Benjamin Edwards Inc. purchased a new position in BNY Mellon Strategic Municipal Bond Fund in the third quarter worth about $149,000. Aviance Capital Partners LLC raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 6.6% in the third quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock worth $169,000 after buying an additional 1,669 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 229.1% in the fourth quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company’s stock worth $207,000 after buying an additional 24,761 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 24.9% in the third quarter. Avior Wealth Management LLC now owns 35,258 shares of the investment management company’s stock worth $220,000 after buying an additional 7,027 shares during the last quarter.

About BNY Mellon Strategic Municipal Bond Fund

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.