Short Interest in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Declines By 50.3%

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 65,924 shares, a decline of 50.3% from the November 30th total of 132,761 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 198,904 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 198,904 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Insider Transactions at BNY Mellon Strategic Municipal Bond Fund

In other BNY Mellon Strategic Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. acquired 27,875 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was bought at an average price of $5.90 per share, for a total transaction of $164,462.50. Following the purchase, the insider owned 5,180,466 shares in the company, valued at $30,564,749.40. This represents a 0.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new stake in BNY Mellon Strategic Municipal Bond Fund in the third quarter valued at $48,000. Cerity Partners LLC acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter valued at $56,000. Nomura Holdings Inc. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at $74,000. Landscape Capital Management L.L.C. grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 46.4% in the 1st quarter. Landscape Capital Management L.L.C. now owns 21,262 shares of the investment management company’s stock worth $123,000 after purchasing an additional 6,735 shares during the last quarter. Finally, Lee Financial Co acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter worth about $172,000.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of BNY Mellon Strategic Municipal Bond Fund stock traded up $0.02 during trading on Friday, hitting $6.03. 135,135 shares of the company’s stock traded hands, compared to its average volume of 197,504. The firm’s fifty day moving average price is $5.98 and its 200 day moving average price is $5.80. BNY Mellon Strategic Municipal Bond Fund has a twelve month low of $5.28 and a twelve month high of $6.10.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th will be issued a $0.023 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

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.