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 covered or closed out. As of February 28th, traders have sold 52,100 shares of LEO short. Learn More on BNY Mellon Strategic Municipals' current short interest.

BNY Mellon Strategic Municipals saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 52,100 shares, a decline of 30.3% from the previous total of 74,800 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 industry of "investment offices, not elsewhere classified" compare to BNY Mellon Strategic Municipals: Royce Micro-Cap Trust, Inc. (0.30%), BlackRock MuniAssets Fund, Inc. (0.15%), Putnam Premier Income Trust (0.25%), The India Fund, Inc. (0.73%), Templeton Dragon Fund, Inc. (0.06%), Nuveen Pennsylvania Quality Municipal Income Fund (0.04%), Tekla Life Sciences Investors (0.08%), Tortoise Energy Infrastructure Co. (0.01%), Gladstone Capital Co. (1.05%), and BlackRock Debt Strategies Fund, Inc. (0.13%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 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 down $0.01 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 appreciates 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 February, 28 2023.