BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Sees Significant Increase in Short Interest

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a large increase in short interest during the month of 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 trading volume of 156,200 shares, the short-interest ratio is currently 0.5 days.

BNY Mellon Strategic Municipal Bond Fund Price Performance

NYSE DSM traded up $0.01 during mid-day trading on Friday, reaching $5.84. The stock had a trading volume of 2,314 shares, compared to its average volume of 129,425. 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 fifty day moving average price of $5.90 and a 200 day moving average price of $6.02.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.018 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Hedge funds have recently made changes to their positions in the business. Elequin Capital LP purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at about $36,000. MidWestOne Financial Group Inc. purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter valued at about $76,000. Landscape Capital Management L.L.C. purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at about $84,000. Benjamin Edwards Inc. purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter valued at about $149,000. Finally, Aviance Capital Partners LLC raised its position in shares of BNY Mellon Strategic Municipal Bond Fund by 6.6% during the 3rd quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after buying an additional 1,669 shares in the last quarter.

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.