BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Short Interest Up 8.4% in January

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DSM. MidWestOne Financial Group Inc. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the third quarter worth $76,000. Benjamin Edwards Inc. bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter valued at about $149,000. Aviance Capital Partners LLC grew its holdings in BNY Mellon Strategic Municipal Bond Fund by 6.6% during the 3rd quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after buying an additional 1,669 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of BNY Mellon Strategic Municipal Bond Fund by 24.9% during the 3rd quarter. Avior Wealth Management LLC now owns 35,258 shares of the investment management company’s stock worth $220,000 after buying an additional 7,027 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 229.1% in the 4th quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company’s stock worth $207,000 after acquiring an additional 24,761 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Trading Up 0.1 %

Shares of DSM opened at $5.84 on Tuesday. BNY Mellon Strategic Municipal Bond Fund has a one year low of $5.54 and a one year high of $6.38. The stock has a 50 day moving average price of $5.90 and a 200 day moving average price of $6.03.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.018 per share. The ex-dividend date is Friday, February 14th. This represents a $0.22 dividend on an annualized basis and a yield of 3.70%.

BNY Mellon Strategic Municipal Bond Fund Company Profile

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.