BNY Mellon Strategic Municipals (LEO) Short Interest Ratio & Short Volume

Short interest is the volume of BNY Mellon Strategic Municipals shares that have been sold short but have not yet been closed out or covered. As of January 15th, investors have sold 23,600 shares of LEO short. Learn More on BNY Mellon Strategic Municipals' current short interest.

BNY Mellon Strategic Municipals saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 23,600 shares, an increase of 44.8% from the previous total of 16,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "finance" compare to BNY Mellon Strategic Municipals: Bain Capital Specialty Finance, Inc. (0.19%), Burford Capital Limited (0.58%), Grupo Financiero Galicia S.A. (2.52%), Itaú Unibanco Holding S.A. (0.43%), Northeast Bank (1.10%), Pioneer Bancorp, Inc. (0.32%), Summit State Bank (0.18%).

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.10 billion), General Motors ($3.90 billion), Charter Communications, Inc. ($3.31 billion), Occidental Petroleum Co. ($2.91 billion), Tractor Supply ($2.75 billion), Moderna, Inc. ($2.44 billion), Coinbase Global, Inc. ($2.10 billion), United Rentals, Inc. ($2.09 billion), Royal Caribbean Cruises Ltd. ($2.03 billion), and Rivian Automotive, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling LEO is an investing strategy that aims to generate trading profit from BNY Mellon Strategic Municipals as its price is falling. LEO shares are trading up $0.02 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for BNY Mellon Strategic Municipals occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of LEO, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including LEO, twice per month. The most recent reporting period available is January, 15 2024.