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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report) was the recipient of 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 daily volume of 198,400 shares, the days-to-cover ratio is currently 0.1 days.

BNY Mellon Strategic Municipals Stock Down 0.3 %

BNY Mellon Strategic Municipals stock traded down $0.02 during mid-day trading on Wednesday, reaching $5.83. 24,258 shares of the company were exchanged, compared to its average volume of 176,947. BNY Mellon Strategic Municipals has a twelve month low of $5.55 and a twelve month high of $6.64. The firm's 50-day simple moving average is $6.04 and its two-hundred day simple moving average is $6.16.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a dividend of $0.019 per share. The ex-dividend date is Monday, April 14th. This represents a $0.23 dividend on an annualized basis and a yield of 3.91%.

Institutional Trading of BNY Mellon Strategic Municipals

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the 1st quarter worth $38,000. Walleye Capital LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter worth $71,000. PNC Financial Services Group Inc. grew its stake in shares of BNY Mellon Strategic Municipals by 1,100.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,003 shares of the investment management company's stock worth $72,000 after purchasing an additional 11,003 shares during the period. Confluence Wealth Services Inc. acquired a new position in shares of BNY Mellon Strategic Municipals during the 1st quarter worth $72,000. Finally, Capital Market Strategies LLC boosted its position in shares of BNY Mellon Strategic Municipals by 18.0% in the 1st quarter. Capital Market Strategies LLC now owns 13,121 shares of the investment management company's stock worth $80,000 after buying an additional 2,000 shares in 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.