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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 56,560 shares, a drop of 36.9% from the May 31st total of 89,617 shares. Based on an average daily volume of 230,942 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of BNY Mellon Strategic Municipals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bulldog Investors LLP boosted its position in BNY Mellon Strategic Municipals by 6.5% during the first quarter. Bulldog Investors LLP now owns 1,576,371 shares of the investment management company’s stock valued at $9,915,000 after purchasing an additional 95,859 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of BNY Mellon Strategic Municipals by 8.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 527,746 shares of the investment management company’s stock worth $3,320,000 after purchasing an additional 40,450 shares during the last quarter. Altium Capital Management LLC raised its stake in shares of BNY Mellon Strategic Municipals by 67.4% during the 1st quarter. Altium Capital Management LLC now owns 438,676 shares of the investment management company’s stock worth $2,759,000 after purchasing an additional 176,624 shares in the last quarter. Riverbridge Partners LLC raised its stake in shares of BNY Mellon Strategic Municipals by 11.3% during the 1st quarter. Riverbridge Partners LLC now owns 358,313 shares of the investment management company’s stock worth $2,254,000 after purchasing an additional 36,496 shares in the last quarter. Finally, Evolve Private Wealth LLC boosted its holdings in shares of BNY Mellon Strategic Municipals by 74.2% in the 1st quarter. Evolve Private Wealth LLC now owns 26,178 shares of the investment management company’s stock valued at $165,000 after buying an additional 11,150 shares during the last quarter.

BNY Mellon Strategic Municipals Price Performance

Shares of LEO stock opened at $6.46 on Friday. BNY Mellon Strategic Municipals has a 12 month low of $5.71 and a 12 month high of $6.55. The company’s fifty day simple moving average is $6.38 and its 200-day simple moving average is $6.37.

BNY Mellon Strategic Municipals (NYSE:LEO) last released its earnings results on Friday, May 29th. The investment management company reported $0.08 earnings per share for the quarter. The business had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 5.6%.

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.