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 growth in short interest in December. As of December 15th, there was short interest totalling 28,500 shares, a growth of 2,490.9% from the November 30th total of 1,100 shares. Based on an average trading volume of 161,800 shares, the days-to-cover ratio is presently 0.2 days.

BNY Mellon Strategic Municipals Price Performance

LEO stock traded down $0.02 on Friday, reaching $6.00. The company had a trading volume of 142,804 shares, compared to its average volume of 165,997. The company’s fifty day moving average is $6.27 and its 200 day moving average is $6.30. BNY Mellon Strategic Municipals has a 1 year low of $5.76 and a 1 year high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, December 13th. This represents a $0.23 annualized dividend and a dividend yield of 3.80%.

Hedge Funds Weigh In On BNY Mellon Strategic Municipals

Several institutional investors and hedge funds have recently modified their holdings of LEO. Matisse Capital boosted its position in shares of BNY Mellon Strategic Municipals by 1.1% in the second quarter. Matisse Capital now owns 273,100 shares of the investment management company’s stock worth $1,671,000 after acquiring an additional 3,100 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in BNY Mellon Strategic Municipals by 32.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 5,000 shares during the last quarter. HighTower Advisors LLC grew its position in 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 valued at $398,000 after acquiring an additional 5,240 shares during the period. Avior Wealth Management LLC raised its holdings in shares of BNY Mellon Strategic Municipals by 127.0% in the 3rd quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock worth $103,000 after purchasing an additional 8,857 shares during the period. Finally, XML Financial LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the 3rd quarter worth about $67,000.

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.