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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 90,303 shares, a drop of 62.8% from the December 15th total of 243,064 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 280,951 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 280,951 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

BNY Mellon Strategic Municipals Stock Performance

NYSE:LEO traded down $0.01 on Thursday, hitting $6.43. 111,286 shares of the stock were exchanged, compared to its average volume of 218,728. BNY Mellon Strategic Municipals has a 52 week low of $5.55 and a 52 week high of $6.46. The company’s 50-day moving average price is $6.29 and its 200 day moving average price is $6.13.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be issued a $0.023 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, January 14th.

Institutional Trading of BNY Mellon Strategic Municipals

A number of institutional investors have recently bought and sold shares of the business. CWM LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 72.7% in the 3rd quarter. CWM LLC now owns 6,305 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 2,654 shares during the period. Fort Point Capital Partners LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the 3rd quarter worth about $68,000. Koshinski Asset Management Inc. bought a new stake in shares of BNY Mellon Strategic Municipals in the 2nd quarter valued at about $86,000. Nomura Holdings Inc. bought a new stake in BNY Mellon Strategic Municipals in the second quarter valued at approximately $118,000. Finally, Gridiron Partners LLC increased its position in shares of BNY Mellon Strategic Municipals by 394.1% in the 3rd quarter. Gridiron Partners LLC now owns 1,994,982 shares of the investment management company’s stock valued at $125,000 after buying an additional 1,591,208 shares in the last quarter.

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.