Short Interest in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Decreases By 58.8%

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Get Free Report) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 15,000 shares, a drop of 58.8% from the March 31st total of 36,400 shares. Based on an average trading volume of 168,100 shares, the days-to-cover ratio is currently 0.1 days.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.6 %

DSM traded down $0.04 during trading on Friday, hitting $5.66. The company's stock had a trading volume of 39,738 shares, compared to its average volume of 137,912. The firm's 50 day moving average price is $5.74 and its two-hundred day moving average price is $5.88. 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 will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be issued a $0.018 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Wednesday, May 14th.

Insider Buying and Selling 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 BNY Mellon Strategic Municipal Bond Fund 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 acquisition, the insider now directly owns 5,146,241 shares of the company's stock, valued at $28,201,400.68. The trade was a 0.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Elequin Capital LP bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the fourth quarter worth $36,000. Smallwood Wealth Investment Management LLC bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the 1st quarter worth about $37,000. Landscape Capital Management L.L.C. bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth about $84,000. CJM Wealth Advisers Ltd. acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the 1st quarter valued at about $86,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 1st quarter valued at about $111,000.

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.