BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Down 79.1% in April

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 11,700 shares, a decrease of 79.1% from the March 31st total of 55,900 shares. Based on an average trading volume of 198,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of BNY Mellon Strategic Municipals

A number of institutional investors have recently modified their holdings of LEO. Sanctuary Advisors LLC purchased a new stake in BNY Mellon Strategic Municipals in the third quarter worth $85,000. Rivernorth Capital Management LLC boosted its stake in BNY Mellon Strategic Municipals by 25.7% during the third quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company's stock worth $15,696,000 after acquiring an additional 492,244 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in BNY Mellon Strategic Municipals by 0.6% in the fourth quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company's stock worth $2,847,000 after purchasing an additional 2,632 shares during the period. Park Avenue Securities LLC grew its holdings in BNY Mellon Strategic Municipals by 4.9% in the fourth quarter. Park Avenue Securities LLC now owns 168,143 shares of the investment management company's stock worth $1,016,000 after purchasing an additional 7,899 shares during the period. Finally, Melfa Wealth Management Inc. increased its stake in shares of BNY Mellon Strategic Municipals by 5.2% during the fourth quarter. Melfa Wealth Management Inc. now owns 60,298 shares of the investment management company's stock valued at $364,000 after purchasing an additional 3,000 shares in the last quarter.

BNY Mellon Strategic Municipals Price Performance

BNY Mellon Strategic Municipals stock traded down $0.03 during trading hours on Friday, reaching $5.88. The company had a trading volume of 323,780 shares, compared to its average volume of 178,514. BNY Mellon Strategic Municipals has a 12-month low of $5.55 and a 12-month high of $6.64. The company has a 50-day moving average price of $6.03 and a 200 day moving average price of $6.16.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.019 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.23 dividend on an annualized basis and a yield of 3.88%.

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.