BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Sees Significant Growth in Short Interest

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 38,900 shares, a growth of 36.5% from the December 15th total of 28,500 shares. Based on an average daily volume of 179,900 shares, the short-interest ratio is presently 0.2 days.

BNY Mellon Strategic Municipals Price Performance

BNY Mellon Strategic Municipals stock opened at $6.19 on Friday. The stock has a 50-day simple moving average of $6.21 and a 200-day simple moving average of $6.30. BNY Mellon Strategic Municipals has a fifty-two week low of $5.76 and a fifty-two week high of $6.64.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.019 dividend. This represents a $0.23 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On BNY Mellon Strategic Municipals

A number of hedge funds have recently modified their holdings of the business. XML Financial LLC purchased a new stake in BNY Mellon Strategic Municipals in the 3rd quarter valued at $67,000. Sanctuary Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the third quarter valued at about $85,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of BNY Mellon Strategic Municipals during the second quarter worth about $90,000. Avior Wealth Management LLC grew its holdings in shares of BNY Mellon Strategic Municipals by 127.0% during the third quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock worth $103,000 after buying an additional 8,857 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in BNY Mellon Strategic Municipals by 32.5% in the 2nd 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 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.