BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Down 35.6% in February

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 24,076 shares, a decline of 35.6% from the February 12th total of 37,390 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 218,819 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 218,819 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LEO. Envestnet Asset Management Inc. lifted its holdings in BNY Mellon Strategic Municipals by 14.7% in the second quarter. Envestnet Asset Management Inc. now owns 222,128 shares of the investment management company’s stock worth $1,315,000 after purchasing an additional 28,512 shares during the period. Traub Capital Management LLC acquired a new position in BNY Mellon Strategic Municipals during the 2nd quarter valued at about $728,000. Advisors Asset Management Inc. raised its position in shares of BNY Mellon Strategic Municipals by 50.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 508,074 shares of the investment management company’s stock worth $3,008,000 after buying an additional 170,288 shares in the last quarter. Invesco Ltd. bought a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter worth about $561,000. Finally, Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of BNY Mellon Strategic Municipals by 23.2% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 87,795 shares of the investment management company’s stock worth $520,000 after acquiring an additional 16,505 shares during the period.

BNY Mellon Strategic Municipals Stock Performance

LEO stock traded down $0.05 on Friday, reaching $6.26. The company’s stock had a trading volume of 159,536 shares, compared to its average volume of 163,984. BNY Mellon Strategic Municipals has a 52 week low of $5.55 and a 52 week high of $6.55. The firm has a fifty day moving average of $6.43 and a two-hundred day moving average of $6.30.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be paid a $0.026 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) annualized dividend and a dividend yield of 5.0%.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.