BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Get Free Report) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 78,900 shares, a decline of 50.3% from the May 15th total of 158,700 shares. Approximately 0.2% of the company's stock are short sold. Based on an average daily volume of 162,500 shares, the short-interest ratio is presently 0.5 days.
BNY Mellon Strategic Municipal Bond Fund Price Performance
DSM stock traded up $0.02 during midday trading on Tuesday, hitting $5.59. 102,009 shares of the company's stock were exchanged, compared to its average volume of 139,154. The firm has a 50 day moving average price of $5.59 and a 200-day moving average price of $5.79. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.28 and a 12-month high of $6.38.
BNY Mellon Strategic Municipal Bond Fund Announces Dividend
The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 14th were paid a $0.018 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.86%.
Insider Transactions at BNY Mellon Strategic Municipal Bond Fund
In other BNY Mellon Strategic Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. bought 5,267 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $5.48 per share, with a total value of $28,863.16. Following the completion of the transaction, the insider now owns 5,146,241 shares in the company, valued at $28,201,400.68. The trade was a 0.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Institutional Trading of BNY Mellon Strategic Municipal Bond Fund
Several institutional investors have recently added to or reduced their stakes in the stock. Elequin Capital LP bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter worth about $36,000. Smallwood Wealth Investment Management LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the first quarter worth about $37,000. Landscape Capital Management L.L.C. bought a new stake in BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at about $84,000. CJM Wealth Advisers Ltd. bought a new stake in BNY Mellon Strategic Municipal Bond Fund in the first quarter valued at about $86,000. Finally, Janney Montgomery Scott LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the first quarter valued at approximately $111,000.
About BNY Mellon Strategic Municipal Bond Fund
(
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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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