Short Interest in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Increases By 705.0%

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 80,500 shares, a growth of 705.0% from the February 13th total of 10,000 shares. Based on an average trading volume of 156,200 shares, the short-interest ratio is currently 0.5 days.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of DSM traded down $0.01 during trading hours on Wednesday, reaching $5.89. The stock had a trading volume of 125,288 shares, compared to its average volume of 129,943. BNY Mellon Strategic Municipal Bond Fund has a 52 week low of $5.54 and a 52 week high of $6.38. The firm has a 50-day moving average of $5.90 and a 200 day moving average of $6.02.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.018 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of DSM. Elequin Capital LP acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth approximately $36,000. MidWestOne Financial Group Inc. acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at $76,000. Landscape Capital Management L.L.C. bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth about $84,000. Benjamin Edwards Inc. acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter worth about $149,000. Finally, Aviance Capital Partners LLC grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 6.6% in the 3rd quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 1,669 shares in the last quarter.

About BNY Mellon Strategic Municipal Bond Fund

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.