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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 243,064 shares, a growth of 403.5% from the November 30th total of 48,276 shares. Based on an average daily trading volume, of 374,724 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 374,724 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On BNY Mellon Strategic Municipals

A number of hedge funds have recently modified their holdings of the stock. CWM LLC lifted its position in shares of BNY Mellon Strategic Municipals by 72.7% during the 3rd quarter. CWM LLC now owns 6,305 shares of the investment management company’s stock worth $39,000 after buying an additional 2,654 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of BNY Mellon Strategic Municipals by 1.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,241 shares of the investment management company’s stock valued at $1,408,000 after purchasing an additional 3,113 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of BNY Mellon Strategic Municipals by 15.7% in the 1st quarter. Landscape Capital Management L.L.C. now owns 24,174 shares of the investment management company’s stock worth $148,000 after purchasing an additional 3,275 shares during the last quarter. Centaurus Financial Inc. increased its position in shares of BNY Mellon Strategic Municipals by 3.2% during the 2nd quarter. Centaurus Financial Inc. now owns 111,251 shares of the investment management company’s stock worth $659,000 after purchasing an additional 3,490 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of BNY Mellon Strategic Municipals by 8.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 64,967 shares of the investment management company’s stock worth $406,000 after purchasing an additional 4,904 shares in the last quarter.

BNY Mellon Strategic Municipals Stock Performance

Shares of LEO stock opened at $6.24 on Thursday. The firm has a fifty day moving average of $6.27 and a 200-day moving average of $6.07. BNY Mellon Strategic Municipals has a 52-week low of $5.55 and a 52-week high of $6.37.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.023 per share. The ex-dividend date is Thursday, December 11th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

About BNY Mellon Strategic Municipals

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.