Short Interest in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Expands By 2,490.9%

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 28,500 shares, a growth of 2,490.9% from the November 30th total of 1,100 shares. Based on an average daily volume of 161,800 shares, the short-interest ratio is currently 0.2 days.

BNY Mellon Strategic Municipals Stock Performance

NYSE LEO traded down $0.04 during mid-day trading on Friday, reaching $5.98. 273,579 shares of the stock were exchanged, compared to its average volume of 166,580. The business’s 50 day moving average is $6.26 and its 200-day moving average is $6.30. BNY Mellon Strategic Municipals has a 1 year low of $5.76 and a 1 year high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 3.81%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. XML Financial LLC acquired a new stake in BNY Mellon Strategic Municipals in the 3rd quarter worth about $67,000. Sanctuary Advisors LLC purchased a new position in shares of BNY Mellon Strategic Municipals in the third quarter valued at approximately $85,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of BNY Mellon Strategic Municipals in the second quarter worth approximately $90,000. WMG Financial Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the second quarter worth approximately $96,000. Finally, Avior Wealth Management LLC raised its stake in BNY Mellon Strategic Municipals by 127.0% in the 3rd quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock valued at $103,000 after purchasing an additional 8,857 shares during the last quarter.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.