BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Down 62.8% in December

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 90,303 shares, a decrease of 62.8% from the December 15th total of 243,064 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 280,951 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 280,951 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of BNY Mellon Strategic Municipals

Hedge funds have recently bought and sold shares of the business. Integrated Capital Management Inc. increased its position in shares of BNY Mellon Strategic Municipals by 18.1% during the second quarter. Integrated Capital Management Inc. now owns 43,305 shares of the investment management company’s stock worth $256,000 after acquiring an additional 6,630 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth approximately $2,065,000. Park Avenue Securities LLC raised its stake in shares of BNY Mellon Strategic Municipals by 13.4% in the second quarter. Park Avenue Securities LLC now owns 192,262 shares of the investment management company’s stock worth $1,138,000 after purchasing an additional 22,711 shares during the last quarter. Gridiron Partners LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 394.1% in the third quarter. Gridiron Partners LLC now owns 1,994,982 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 1,591,208 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of BNY Mellon Strategic Municipals by 14.7% in the second quarter. Envestnet Asset Management Inc. now owns 222,128 shares of the investment management company’s stock valued at $1,315,000 after purchasing an additional 28,512 shares in the last quarter.

BNY Mellon Strategic Municipals Stock Performance

BNY Mellon Strategic Municipals stock traded down $0.05 during midday trading on Wednesday, reaching $6.41. The stock had a trading volume of 119,783 shares, compared to its average volume of 221,783. The company has a fifty day moving average price of $6.29 and a two-hundred day moving average price of $6.13. BNY Mellon Strategic Municipals has a 12 month low of $5.55 and a 12 month high of $6.46.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.023 per share. The ex-dividend date is Wednesday, January 14th. This represents a c) annualized dividend and a dividend yield of 4.3%.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable?rate demand obligations, municipal derivatives and other income-producing instruments.