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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 37,300 shares, an increase of 8.4% from the December 15th total of 34,400 shares. Based on an average daily volume of 135,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On BNY Mellon Strategic Municipal Bond Fund

Institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC grew its position in shares of BNY Mellon Strategic Municipal Bond Fund by 68.6% during the 2nd quarter. AE Wealth Management LLC now owns 26,550 shares of the investment management company’s stock valued at $158,000 after buying an additional 10,800 shares during the last quarter. Whitebox Advisors LLC bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the second quarter valued at approximately $985,000. Almitas Capital LLC raised its position in shares of BNY Mellon Strategic Municipal Bond Fund by 144.1% during the 2nd quarter. Almitas Capital LLC now owns 559,398 shares of the investment management company’s stock worth $3,323,000 after purchasing an additional 330,189 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 1.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 313,890 shares of the investment management company’s stock worth $1,956,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Ackerman Capital Advisors LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 18.9% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 117,282 shares of the investment management company’s stock valued at $731,000 after purchasing an additional 18,639 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of DSM stock opened at $5.86 on Friday. BNY Mellon Strategic Municipal Bond Fund has a 1-year low of $5.54 and a 1-year high of $6.38. The firm has a fifty day moving average of $5.94 and a two-hundred day moving average of $6.03.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.018 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.69%.

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.