BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Short Interest Update

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 34,800 shares, a growth of 15.2% from the October 15th total of 30,200 shares. Based on an average daily trading volume, of 112,200 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund

Hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 220.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 11,232 shares of the investment management company’s stock valued at $67,000 after acquiring an additional 7,732 shares in the last quarter. MidWestOne Financial Group Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the third quarter valued at approximately $76,000. Arbor Trust Wealth Advisors LLC bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the second quarter valued at approximately $77,000. WMG Financial Advisors LLC bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the second quarter valued at approximately $87,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter worth approximately $94,000.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of DSM stock traded down $0.02 during trading on Friday, reaching $6.01. 103,966 shares of the company’s stock traded hands, compared to its average volume of 127,732. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $5.23 and a 1 year high of $6.38. The firm’s 50-day moving average is $6.15 and its 200 day moving average is $5.99.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.018 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, November 15th.

About BNY Mellon Strategic Municipal Bond Fund

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.