BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Down 35.6% in February

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 24,076 shares, a decline of 35.6% from the February 12th total of 37,390 shares. Based on an average daily volume of 218,819 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 218,819 shares, the short-interest ratio is presently 0.1 days.

BNY Mellon Strategic Municipals Stock Performance

LEO stock traded down $0.05 during mid-day trading on Friday, reaching $6.26. 159,536 shares of the company’s stock were exchanged, compared to its average volume of 165,268. BNY Mellon Strategic Municipals has a 12-month low of $5.55 and a 12-month high of $6.55. The stock’s 50 day moving average is $6.43 and its 200 day moving average is $6.30.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be paid a $0.026 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Institutional Trading of BNY Mellon Strategic Municipals

Institutional investors have recently modified their holdings of the stock. CWM LLC increased its stake in shares of 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 worth $39,000 after purchasing an additional 2,654 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of BNY Mellon Strategic Municipals by 1.4% in the third quarter. Envestnet Asset Management Inc. now owns 225,241 shares of the investment management company’s stock worth $1,408,000 after acquiring an additional 3,113 shares during the last quarter. Centaurus Financial Inc. raised its stake 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 valued at $659,000 after purchasing an additional 3,490 shares during the last quarter. Capital Analysts LLC acquired a new position in BNY Mellon Strategic Municipals in the 4th quarter valued at $26,000. Finally, Gilpin Wealth Management LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the fourth quarter worth $29,000.

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.