BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Update

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 48,380 shares, a decrease of 46.4% from the December 31st total of 90,303 shares. Based on an average daily volume of 182,208 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 182,208 shares, the short-interest ratio is presently 0.3 days.

BNY Mellon Strategic Municipals Price Performance

NYSE LEO traded down $0.02 during trading on Friday, hitting $6.49. The company’s stock had a trading volume of 143,697 shares, compared to its average volume of 169,674. BNY Mellon Strategic Municipals has a fifty-two week low of $5.55 and a fifty-two week high of $6.52. The business’s 50 day simple moving average is $6.33 and its 200-day simple moving average is $6.17.

BNY Mellon Strategic Municipals Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be paid a dividend of $0.026 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, February 12th. This is a positive change from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.02.

Institutional Trading of BNY Mellon Strategic Municipals

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 47.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 487,296 shares of the investment management company’s stock worth $3,099,000 after acquiring an additional 156,969 shares in the last quarter. Riverbridge Partners LLC grew its holdings in BNY Mellon Strategic Municipals by 40.4% during the 4th quarter. Riverbridge Partners LLC now owns 321,817 shares of the investment management company’s stock valued at $2,047,000 after buying an additional 92,566 shares during the last quarter. Williams Jones Wealth Management LLC. purchased a new position in BNY Mellon Strategic Municipals during the third quarter worth $269,000. Fort Point Capital Partners LLC acquired a new position in shares of BNY Mellon Strategic Municipals in the third quarter worth $68,000. Finally, Bulldog Investors LLP lifted its position in shares of BNY Mellon Strategic Municipals by 18.2% in the third quarter. Bulldog Investors LLP now owns 725,132 shares of the investment management company’s stock valued at $4,532,000 after acquiring an additional 111,628 shares in the last quarter.

About BNY Mellon Strategic Municipals

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.