BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Sees Significant Decrease in Short Interest

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 10,000 shares, a decline of 53.9% from the January 31st total of 21,700 shares. Based on an average trading volume of 158,100 shares, the short-interest ratio is currently 0.1 days.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of BNY Mellon Strategic Municipal Bond Fund stock traded up $0.06 during midday trading on Monday, hitting $6.09. The company had a trading volume of 132,096 shares, compared to its average volume of 130,849. The company has a fifty day simple moving average of $5.88 and a 200 day simple moving average of $6.03. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.54 and a 12-month high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.018 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, March 14th.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSM. Farther Finance Advisors LLC increased its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 9.9% in the third quarter. Farther Finance Advisors LLC now owns 95,089 shares of the investment management company’s stock worth $592,000 after acquiring an additional 8,554 shares during the period. Aviance Capital Partners LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 6.6% in the 3rd quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock worth $169,000 after purchasing an additional 1,669 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 25.0% during the 3rd quarter. Pathstone Holdings LLC now owns 2,141,763 shares of the investment management company’s stock valued at $13,344,000 after purchasing an additional 428,411 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 24.9% during 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 in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the third quarter worth about $149,000.

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.