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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 80,500 shares, an increase of 705.0% from the February 13th total of 10,000 shares. Based on an average daily trading volume, of 156,200 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Hedge funds have recently made changes to their positions in the stock. Park Avenue Securities LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 6.3% during the fourth quarter. Park Avenue Securities LLC now owns 162,065 shares of the investment management company’s stock valued at $942,000 after buying an additional 9,666 shares during the last quarter. Stifel Financial Corp raised its position in shares of BNY Mellon Strategic Municipal Bond Fund by 4.4% in the 3rd quarter. Stifel Financial Corp now owns 61,442 shares of the investment management company’s stock worth $383,000 after purchasing an additional 2,603 shares during the last quarter. HighTower Advisors LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 220.5% in the 3rd quarter. HighTower Advisors LLC now owns 110,992 shares of the investment management company’s stock worth $689,000 after purchasing an additional 76,362 shares in the last quarter. Pathstone Holdings LLC grew its position in BNY Mellon Strategic Municipal Bond Fund by 25.0% during the 3rd quarter. Pathstone Holdings LLC now owns 2,141,763 shares of the investment management company’s stock valued at $13,344,000 after purchasing an additional 428,411 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter valued at about $149,000.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.3 %

Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $5.89 on Thursday. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $5.54 and a 1 year high of $6.38. The company has a 50-day moving average of $5.90 and a 200 day moving average of $6.02.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.018 per share. The ex-dividend date is Friday, March 14th. This represents a $0.22 annualized dividend and a dividend yield of 3.67%.

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.