BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Short Interest Update

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 30,200 shares, a decline of 37.1% from the September 30th total of 48,000 shares. Based on an average daily volume of 115,900 shares, the short-interest ratio is presently 0.3 days.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.3 %

Shares of BNY Mellon Strategic Municipal Bond Fund stock traded down $0.02 during trading on Tuesday, hitting $5.98. The stock had a trading volume of 117,613 shares, compared to its average volume of 128,378. The business has a fifty day moving average of $6.18 and a two-hundred day moving average of $5.95. BNY Mellon Strategic Municipal Bond Fund has a fifty-two week low of $4.71 and a fifty-two week high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.018 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.61%.

Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund

Several hedge funds have recently made changes to their positions in the business. Almitas Capital LLC grew its position in BNY Mellon Strategic Municipal Bond Fund by 144.1% in the second quarter. Almitas Capital LLC now owns 559,398 shares of the investment management company’s stock worth $3,323,000 after buying an additional 330,189 shares during the last quarter. Whitebox Advisors LLC acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the second quarter worth $985,000. Robinson Capital Management LLC purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the first quarter valued at $930,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 10.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,162,255 shares of the investment management company’s stock valued at $6,904,000 after purchasing an additional 113,782 shares during the period. Finally, Van ECK Associates Corp increased its stake in BNY Mellon Strategic Municipal Bond Fund by 13.9% in the 1st quarter. Van ECK Associates Corp now owns 428,946 shares of the investment management company’s stock worth $2,514,000 after purchasing an additional 52,368 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.