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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 80,500 shares, a growth of 705.0% from the February 13th total of 10,000 shares. Based on an average daily trading volume, of 156,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Saba Capital Management L.P. increased its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 2.9% in the 4th quarter. Saba Capital Management L.P. now owns 4,127,582 shares of the investment management company’s stock valued at $23,981,000 after buying an additional 116,315 shares during the period. Pathstone Holdings LLC increased its position in BNY Mellon Strategic Municipal Bond Fund by 15.5% in the fourth quarter. Pathstone Holdings LLC now owns 2,474,029 shares of the investment management company’s stock worth $14,397,000 after purchasing an additional 332,266 shares during the period. Bulldog Investors LLP increased its position in BNY Mellon Strategic Municipal Bond Fund by 156.2% in the fourth quarter. Bulldog Investors LLP now owns 2,101,361 shares of the investment management company’s stock worth $12,223,000 after purchasing an additional 1,281,127 shares during the period. Rivernorth Capital Management LLC raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 13.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,666,877 shares of the investment management company’s stock worth $10,385,000 after purchasing an additional 201,105 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 4.0% during the 4th quarter. Guggenheim Capital LLC now owns 909,118 shares of the investment management company’s stock valued at $5,282,000 after purchasing an additional 35,251 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.2 %

NYSE DSM traded down $0.01 on Wednesday, hitting $5.89. 125,288 shares of the company were exchanged, compared to its average volume of 129,943. BNY Mellon Strategic Municipal Bond Fund has a 1-year low of $5.54 and a 1-year high of $6.38. The firm has a 50 day moving average of $5.90 and a two-hundred day moving average of $6.02.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.018 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.22 annualized dividend 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.