BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Short Interest Update

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 21,700 shares, a decline of 65.6% from the January 15th total of 63,000 shares. Based on an average daily trading volume, of 153,600 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund

A number of institutional investors and hedge funds have recently made changes to their positions in DSM. MidWestOne Financial Group Inc. acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at about $76,000. Landscape Capital Management L.L.C. acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at about $84,000. Benjamin Edwards Inc. acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at about $149,000. Aviance Capital Partners LLC grew its stake in BNY Mellon Strategic Municipal Bond Fund by 6.6% in the 3rd quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 1,669 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in BNY Mellon Strategic Municipal Bond Fund by 229.1% in the 4th quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company’s stock valued at $207,000 after acquiring an additional 24,761 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

DSM traded down $0.04 during trading on Wednesday, hitting $5.88. The stock had a trading volume of 237,820 shares, compared to its average volume of 146,322. The company’s 50-day moving average price is $5.88 and its 200 day moving average price is $6.03. BNY Mellon Strategic Municipal Bond Fund has a twelve month low of $5.54 and a twelve month high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.018 per share. The ex-dividend date is Friday, February 14th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.67%.

About BNY Mellon Strategic Municipal Bond Fund

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.