BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Sees Significant Growth in Short Interest

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 36,610 shares, a growth of 19.6% from the February 12th total of 30,614 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 103,102 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 103,102 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund

Several large investors have recently bought and sold shares of DSM. Root Financial Partners LLC acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the third quarter worth about $48,000. Cerity Partners LLC acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter valued at about $56,000. Nomura Holdings Inc. purchased a new position in BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter worth approximately $74,000. BOKF NA purchased a new position in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth approximately $79,000. Finally, Janney Montgomery Scott LLC increased its position in BNY Mellon Strategic Municipal Bond Fund by 22.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,331 shares of the investment management company’s stock worth $95,000 after buying an additional 2,765 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.2%

Shares of NYSE:DSM traded up $0.01 during trading on Tuesday, hitting $6.02. 48,187 shares of the company were exchanged, compared to its average volume of 94,967. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.28 and a 12-month high of $6.30. The firm’s 50 day moving average price is $6.15 and its 200-day moving average price is $6.03.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be paid a dividend of $0.026 per share. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, March 12th.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.