BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Update

BNY Mellon Strategic Municipals, Inc. (NYSE:LEOGet Rating) was the target of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 19,500 shares, an increase of 163.5% from the December 15th total of 7,400 shares. Based on an average daily volume of 207,200 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On BNY Mellon Strategic Municipals

A number of institutional investors and hedge funds have recently modified their holdings of LEO. Rivernorth Capital Management LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 343.1% in the 1st quarter. Rivernorth Capital Management LLC now owns 657,182 shares of the investment management company’s stock worth $4,725,000 after buying an additional 508,852 shares during the last quarter. Robinson Capital Management LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 765.5% in the 1st quarter. Robinson Capital Management LLC now owns 488,300 shares of the investment management company’s stock worth $3,521,000 after buying an additional 431,885 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 13.1% in the 3rd quarter. Guggenheim Capital LLC now owns 1,308,162 shares of the investment management company’s stock worth $7,954,000 after buying an additional 151,765 shares during the last quarter. Centaurus Financial Inc. lifted its position in BNY Mellon Strategic Municipals by 99.1% during the first quarter. Centaurus Financial Inc. now owns 225,320 shares of the investment management company’s stock valued at $1,620,000 after purchasing an additional 112,170 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new position in BNY Mellon Strategic Municipals during the first quarter valued at $671,000. 12.99% of the stock is currently owned by hedge funds and other institutional investors.

BNY Mellon Strategic Municipals Trading Up 1.9 %

Shares of LEO opened at $6.51 on Friday. The business’s fifty day simple moving average is $6.21 and its two-hundred day simple moving average is $6.39. BNY Mellon Strategic Municipals has a 12 month low of $5.87 and a 12 month high of $8.01.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th will be paid a $0.023 dividend. The ex-dividend date is Friday, January 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.24%.

About BNY Mellon Strategic Municipals

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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.

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