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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 37,390 shares, a decline of 61.3% from the January 29th total of 96,520 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 148,440 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 148,440 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

BNY Mellon Strategic Municipals Trading Up 0.2%

Shares of NYSE:LEO opened at $6.46 on Thursday. The firm’s 50 day moving average price is $6.41 and its 200-day moving average price is $6.26. BNY Mellon Strategic Municipals has a twelve month low of $5.55 and a twelve month high of $6.55.

BNY Mellon Strategic Municipals Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be paid a dividend of $0.026 per share. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 4.8%. This is a boost from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.02.

Hedge Funds Weigh In On BNY Mellon Strategic Municipals

Institutional investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in BNY Mellon Strategic Municipals by 72.7% during the third quarter. CWM LLC now owns 6,305 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 2,654 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of BNY Mellon Strategic Municipals by 1.4% during 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 acquiring an additional 3,113 shares during the period. Centaurus Financial Inc. increased its holdings in BNY Mellon Strategic Municipals by 3.2% in the 2nd quarter. Centaurus Financial Inc. now owns 111,251 shares of the investment management company’s stock worth $659,000 after acquiring an additional 3,490 shares in the last quarter. Capital Analysts LLC purchased a new stake in BNY Mellon Strategic Municipals in the 4th quarter worth approximately $26,000. Finally, Gilpin Wealth Management LLC bought a new stake in BNY Mellon Strategic Municipals during the 4th quarter worth approximately $29,000.

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.