Short Interest in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Expands By 70.7%

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 35,500 shares, a growth of 70.7% from the September 15th total of 20,800 shares. Based on an average trading volume of 147,600 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On BNY Mellon Strategic Municipals

Large investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new stake in BNY Mellon Strategic Municipals during the second quarter valued at about $90,000. WMG Financial Advisors LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the 2nd quarter valued at approximately $96,000. B. Riley Wealth Advisors Inc. boosted its stake in BNY Mellon Strategic Municipals by 32.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock worth $125,000 after buying an additional 5,000 shares during the period. Novak & Powell Financial Services Inc. bought a new position in shares of BNY Mellon Strategic Municipals during the fourth quarter valued at approximately $145,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of BNY Mellon Strategic Municipals in the second quarter worth about $156,000.

BNY Mellon Strategic Municipals Trading Down 0.2 %

Shares of BNY Mellon Strategic Municipals stock traded down $0.01 on Friday, hitting $6.47. 99,052 shares of the company’s stock were exchanged, compared to its average volume of 165,788. The company has a 50-day simple moving average of $6.43 and a 200-day simple moving average of $6.18. BNY Mellon Strategic Municipals has a 1 year low of $4.98 and a 1 year high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.