BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Short Interest Down 39.9% in June

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 44,646 shares, a decrease of 39.9% from the June 15th total of 74,300 shares. Based on an average trading volume of 136,351 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in DSM. Hennion & Walsh Asset Management Inc. boosted its position in BNY Mellon Strategic Municipal Bond Fund by 87.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,476,212 shares of the investment management company’s stock worth $9,079,000 after purchasing an additional 689,844 shares in the last quarter. Noble Wealth Management PBC increased its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 7.2% during the 2nd quarter. Noble Wealth Management PBC now owns 65,733 shares of the investment management company’s stock valued at $404,000 after purchasing an additional 4,400 shares in the last quarter. Rivernorth Capital Management LLC lifted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 98.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,660,357 shares of the investment management company’s stock valued at $9,979,000 after purchasing an additional 824,765 shares during the period. Bulldog Investors LLP boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 2.0% during the first quarter. Bulldog Investors LLP now owns 3,373,942 shares of the investment management company’s stock worth $20,277,000 after buying an additional 65,851 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the first quarter worth $423,000.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.1%

NYSE:DSM traded down $0.01 during midday trading on Friday, reaching $6.04. 33,823 shares of the stock traded hands, compared to its average volume of 99,827. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.45 and a 12-month high of $6.30. The business has a 50-day moving average of $6.10 and a two-hundred day moving average of $6.10.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be paid a $0.03 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Tuesday, July 14th.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.