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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 18,600 shares, a decline of 30.6% from the October 31st total of 26,800 shares. Based on an average daily trading volume, of 142,400 shares, the days-to-cover ratio is currently 0.1 days.

BNY Mellon Strategic Municipals Stock Up 1.1 %

Shares of LEO traded up $0.07 during trading hours on Friday, reaching $6.44. 150,213 shares of the stock traded hands, compared to its average volume of 163,317. The company’s 50-day moving average price is $6.37 and its two-hundred day moving average price is $6.26. BNY Mellon Strategic Municipals has a 52-week low of $5.66 and a 52-week high of $6.64.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.019 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.23 annualized dividend and a yield of 3.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pathstone Holdings LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 133.1% during the 3rd quarter. Pathstone Holdings LLC now owns 1,103,527 shares of the investment management company’s stock worth $7,185,000 after acquiring an additional 630,137 shares during the last quarter. Rivernorth Capital Management LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 18.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,278,868 shares of the investment management company’s stock worth $14,835,000 after acquiring an additional 360,045 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of BNY Mellon Strategic Municipals by 8.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,465,468 shares of the investment management company’s stock worth $8,969,000 after acquiring an additional 110,623 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 14.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock worth $3,051,000 after acquiring an additional 59,316 shares during the last quarter. Finally, Almitas Capital LLC bought a new stake in BNY Mellon Strategic Municipals during the 2nd quarter valued at $351,000.

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.