BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Short Interest Update

Key Points

• Short interest for BNY Mellon Strategic Municipal Bond Fund increased by 54.9% in September, totaling 234,800 shares, with a short-interest ratio of 2.3 days.
• Institutional investors are actively adjusting their positions, with notable purchases by Smallwood Wealth and Janney Montgomery Scott among others, reflecting increasing interest in the fund.
• The fund declared a monthly dividend of $0.023, indicating an annualized yield of 4.6%, payable on October 31st to investors of record as of October 14th.

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - ) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 234,800 shares, an increase of 54.9% from the September 15th total of 151,600 shares. Based on an average daily trading volume, of 103,600 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 103,600 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Smallwood Wealth Investment Management LLC purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the first quarter worth about $37,000. Cerity Partners LLC purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the second quarter worth about $56,000. Janney Montgomery Scott LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the first quarter worth about $111,000. Landscape Capital Management L.L.C. boosted its position in BNY Mellon Strategic Municipal Bond Fund by 46.4% during the first quarter. Landscape Capital Management L.L.C. now owns 21,262 shares of the investment management company's stock worth $123,000 after acquiring an additional 6,735 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 11.2% during the first quarter. Aviance Capital Partners LLC now owns 30,172 shares of the investment management company's stock worth $174,000 after acquiring an additional 3,038 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of NYSE:DSM traded down $0.02 during trading on Wednesday, reaching $6.04. 58,453 shares of the company were exchanged, compared to its average volume of 88,334. The business's fifty day simple moving average is $5.84 and its 200-day simple moving average is $5.67. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.28 and a 12-month high of $6.18.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 14th will be given a $0.023 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, October 14th.

BNY Mellon Strategic Municipal Bond Fund Company Profile

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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