BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Short Interest Down 58.2% in August

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 34,100 shares, a drop of 58.2% from the August 15th total of 81,500 shares. Based on an average daily volume of 119,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On BNY Mellon Strategic Municipal Bond Fund

Large investors have recently modified their holdings of the stock. Kingswood Wealth Advisors LLC raised its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 118.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 31,000 shares of the investment management company’s stock worth $182,000 after buying an additional 16,800 shares in the last quarter. Bulldog Investors LLP lifted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 12.5% in the fourth quarter. Bulldog Investors LLP now owns 468,928 shares of the investment management company’s stock valued at $2,678,000 after purchasing an additional 51,967 shares during the period. Aviance Capital Partners LLC increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 78.8% in the first quarter. Aviance Capital Partners LLC now owns 20,246 shares of the investment management company’s stock valued at $119,000 after buying an additional 8,923 shares in the last quarter. Novak & Powell Financial Services Inc. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at approximately $95,000. Finally, Van ECK Associates Corp boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 13.9% during the 1st quarter. Van ECK Associates Corp now owns 428,946 shares of the investment management company’s stock worth $2,514,000 after acquiring an additional 52,368 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.3 %

NYSE DSM traded down $0.02 during trading on Friday, reaching $6.31. The company’s stock had a trading volume of 65,778 shares, compared to its average volume of 132,335. BNY Mellon Strategic Municipal Bond Fund has a twelve month low of $4.69 and a twelve month high of $6.38. The business’s fifty day moving average price is $6.03 and its 200-day moving average price is $5.85.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a $0.018 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.22 annualized dividend and a dividend yield of 3.42%.

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.