BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Sees Large Increase in Short Interest

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 38,900 shares, a growth of 36.5% from the December 15th total of 28,500 shares. Based on an average trading volume of 179,900 shares, the days-to-cover ratio is currently 0.2 days.

BNY Mellon Strategic Municipals Trading Up 0.1 %

BNY Mellon Strategic Municipals stock opened at $6.19 on Friday. BNY Mellon Strategic Municipals has a 52-week low of $5.76 and a 52-week high of $6.64. The company’s 50 day moving average is $6.21 and its two-hundred day moving average is $6.30.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.019 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.23 dividend on an annualized basis and a yield of 3.69%.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

Hedge funds have recently bought and sold shares of the stock. XML Financial LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the third quarter worth approximately $67,000. Sanctuary Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at approximately $85,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of BNY Mellon Strategic Municipals in the 2nd quarter valued at approximately $90,000. Avior Wealth Management LLC raised its holdings in shares of BNY Mellon Strategic Municipals by 127.0% in the 3rd quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock valued at $103,000 after purchasing an additional 8,857 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of BNY Mellon Strategic Municipals by 32.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock worth $125,000 after purchasing an additional 5,000 shares during 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.