BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Down 62.8% in December

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 90,303 shares, a decrease of 62.8% from the December 15th total of 243,064 shares. Based on an average daily trading volume, of 280,951 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 280,951 shares, the days-to-cover ratio is presently 0.3 days.

BNY Mellon Strategic Municipals Price Performance

NYSE LEO traded down $0.05 during mid-day trading on Wednesday, reaching $6.41. 119,783 shares of the stock were exchanged, compared to its average volume of 221,783. BNY Mellon Strategic Municipals has a one year low of $5.55 and a one year high of $6.46. The stock has a 50 day simple moving average of $6.29 and a 200-day simple moving average of $6.13.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be paid a $0.023 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, January 14th.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

Several large investors have recently added to or reduced their stakes in LEO. Pathstone Holdings LLC lifted its stake in BNY Mellon Strategic Municipals by 23.2% in the third quarter. Pathstone Holdings LLC now owns 3,839,659 shares of the investment management company’s stock valued at $23,998,000 after buying an additional 723,676 shares during the period. Gridiron Partners LLC lifted its position in shares of BNY Mellon Strategic Municipals by 394.1% during the 3rd quarter. Gridiron Partners LLC now owns 1,994,982 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 1,591,208 shares during the period. Bulldog Investors LLP lifted its position in shares of BNY Mellon Strategic Municipals by 18.2% during the 3rd quarter. Bulldog Investors LLP now owns 725,132 shares of the investment management company’s stock valued at $4,532,000 after acquiring an additional 111,628 shares during the period. Advisors Asset Management Inc. boosted its stake in BNY Mellon Strategic Municipals by 36.6% during the third quarter. Advisors Asset Management Inc. now owns 694,270 shares of the investment management company’s stock worth $4,339,000 after acquiring an additional 186,196 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in BNY Mellon Strategic Municipals by 4.2% in the third quarter. Van ECK Associates Corp now owns 453,270 shares of the investment management company’s stock worth $2,833,000 after purchasing an additional 18,435 shares during the period.

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.