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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEOGet Rating) was the target of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 19,500 shares, a growth 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.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of BNY Mellon Strategic Municipals by 1.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 173,853 shares of the investment management company’s stock worth $1,144,000 after acquiring an additional 3,222 shares in the last quarter. Mariner Investment Group LLC raised its position in shares of BNY Mellon Strategic Municipals by 177.3% in the 2nd quarter. Mariner Investment Group LLC now owns 28,898 shares of the investment management company’s stock worth $190,000 after acquiring an additional 18,475 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of BNY Mellon Strategic Municipals by 47.5% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,945 shares of the investment management company’s stock worth $258,000 after acquiring an additional 11,898 shares in the last quarter. Wealth Alliance Advisory Group LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter worth approximately $63,000. Finally, Ronald Blue Trust Inc. bought a new position in shares of BNY Mellon Strategic Municipals in the 2nd quarter worth approximately $26,000. Institutional investors own 12.99% of the company’s stock.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE:LEO opened at $6.51 on Friday. BNY Mellon Strategic Municipals has a 52-week low of $5.87 and a 52-week high of $8.01. The stock has a 50 day moving average price of $6.21 and a 200-day moving average price of $6.39.

BNY Mellon Strategic Municipals Dividend Announcement

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

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.

Further Reading

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