Short Interest in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Rises By 8.4%

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 37,300 shares, a growth of 8.4% from the December 31st total of 34,400 shares. Based on an average daily volume of 135,700 shares, the short-interest ratio is currently 0.3 days.

BNY Mellon Strategic Municipal Bond Fund Price Performance

DSM opened at $5.84 on Tuesday. The firm has a 50 day moving average price of $5.90 and a 200-day moving average price of $6.03. BNY Mellon Strategic Municipal Bond Fund has a twelve month low of $5.54 and a twelve month high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.018 per share. The ex-dividend date is Friday, February 14th. This represents a $0.22 annualized dividend and a dividend yield of 3.70%.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Several large investors have recently added to or reduced their stakes in DSM. MidWestOne Financial Group Inc. bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the third quarter valued at approximately $76,000. Benjamin Edwards Inc. bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the third quarter valued at approximately $149,000. Aviance Capital Partners LLC grew its position in BNY Mellon Strategic Municipal Bond Fund by 6.6% during the third 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. Wolverine Asset Management LLC grew its position in BNY Mellon Strategic Municipal Bond Fund by 229.1% during the fourth quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company’s stock valued at $207,000 after buying an additional 24,761 shares during the period. Finally, Avior Wealth Management LLC grew its position in BNY Mellon Strategic Municipal Bond Fund by 24.9% during the third quarter. Avior Wealth Management LLC now owns 35,258 shares of the investment management company’s stock valued at $220,000 after buying an additional 7,027 shares during the period.

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.