BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Update

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 67,600 shares, an increase of 275.6% from the February 13th total of 18,000 shares. Based on an average daily volume of 201,300 shares, the short-interest ratio is presently 0.3 days.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE LEO opened at $6.12 on Friday. BNY Mellon Strategic Municipals has a twelve month low of $5.79 and a twelve month high of $6.64. The company’s fifty day moving average is $6.19 and its 200-day moving average is $6.29.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.019 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.23 dividend on an annualized basis and a yield of 3.73%.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

Hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC grew its position 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 purchasing an additional 630,137 shares during the period. Avior Wealth Management LLC lifted its stake in BNY Mellon Strategic Municipals by 127.0% in the third quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock valued at $103,000 after buying an additional 8,857 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of BNY Mellon Strategic Municipals by 30.4% in the third quarter. Rockefeller Capital Management L.P. now owns 141,159 shares of the investment management company’s stock valued at $919,000 after buying an additional 32,916 shares during the period. HighTower Advisors LLC increased its position in shares of BNY Mellon Strategic Municipals by 9.3% during the third quarter. HighTower Advisors LLC now owns 61,693 shares of the investment management company’s stock worth $398,000 after acquiring an additional 5,240 shares in the last quarter. Finally, Rivernorth Capital Management LLC raised its holdings in shares of BNY Mellon Strategic Municipals by 18.8% during the third quarter. Rivernorth Capital Management LLC now owns 2,278,868 shares of the investment management company’s stock worth $14,835,000 after acquiring an additional 360,045 shares during the period.

About BNY Mellon Strategic Municipals

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.