Short Interest in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Decreases By 53.9%

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 10,000 shares, a decline of 53.9% from the January 31st total of 21,700 shares. Based on an average daily volume of 158,100 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSM. Elequin Capital LP purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at approximately $36,000. MidWestOne Financial Group Inc. bought a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter worth approximately $76,000. Landscape Capital Management L.L.C. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at $84,000. Benjamin Edwards Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter valued at $149,000. Finally, Aviance Capital Partners LLC lifted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 6.6% during the 3rd quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after buying an additional 1,669 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

DSM stock traded down $0.02 during trading on Friday, hitting $6.04. 92,346 shares of the stock traded hands, compared to its average volume of 146,150. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $5.54 and a 1 year high of $6.38. The firm’s 50 day moving average is $5.87 and its two-hundred day moving average is $6.03.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.018 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, March 14th.

BNY Mellon Strategic Municipal Bond Fund Company Profile

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.