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

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

Hedge Funds Weigh In On BNY Mellon Strategic Municipals

Institutional investors and hedge funds have recently bought and sold shares of the company. Rivernorth Capital Management LLC raised its holdings in BNY Mellon Strategic Municipals by 25.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company’s stock valued at $15,696,000 after buying an additional 492,244 shares during the period. Pathstone Holdings LLC raised its stake in shares of BNY Mellon Strategic Municipals by 133.1% in the 3rd quarter. Pathstone Holdings LLC now owns 1,103,527 shares of the investment management company’s stock valued at $7,185,000 after acquiring an additional 630,137 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 14.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock worth $3,051,000 after acquiring an additional 59,316 shares during the last quarter. Matisse Capital boosted its position in shares of BNY Mellon Strategic Municipals by 1.1% during the 2nd quarter. Matisse Capital now owns 273,100 shares of the investment management company’s stock worth $1,671,000 after purchasing an additional 3,100 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in BNY Mellon Strategic Municipals by 30.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 141,159 shares of the investment management company’s stock valued at $919,000 after purchasing an additional 32,916 shares during the last quarter.

BNY Mellon Strategic Municipals Stock Down 0.7 %

Shares of LEO traded down $0.04 during midday trading on Friday, reaching $5.98. The company had a trading volume of 273,579 shares, compared to its average volume of 166,580. BNY Mellon Strategic Municipals has a 1-year low of $5.76 and a 1-year high of $6.64. The firm has a 50 day simple moving average of $6.26 and a 200-day simple moving average of $6.30.

BNY Mellon Strategic Municipals Announces Dividend

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

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.