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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) saw a significant decline in short interest during 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. Based on an average trading volume of 148,440 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 148,440 shares, the short-interest ratio is currently 0.3 days.

BNY Mellon Strategic Municipals Price Performance

Shares of LEO traded down $0.03 during mid-day trading on Friday, hitting $6.48. 153,391 shares of the company traded hands, compared to its average volume of 172,204. The business has a 50-day moving average of $6.41 and a 200 day moving average of $6.26. BNY Mellon Strategic Municipals has a one year low of $5.55 and a one year high of $6.55.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.026 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, March 12th.

Institutional Trading of BNY Mellon Strategic Municipals

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEO. Capital Analysts LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at about $26,000. Gilpin Wealth Management LLC acquired a new position in BNY Mellon Strategic Municipals in the fourth quarter valued at approximately $29,000. CWM LLC boosted its stake in BNY Mellon Strategic Municipals by 72.7% in the third quarter. CWM LLC now owns 6,305 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 2,654 shares during the last quarter. Fort Point Capital Partners LLC acquired a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth $68,000. Finally, BOKF NA bought a new stake in shares of BNY Mellon Strategic Municipals during the 4th quarter valued at $78,000.

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.