Short Interest in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Decreases By 46.4%

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 48,380 shares, a decrease of 46.4% from the December 31st total of 90,303 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 182,208 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 182,208 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. CWM LLC lifted its stake in BNY Mellon Strategic Municipals by 72.7% in 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 during the last quarter. Fort Point Capital Partners LLC bought a new position in BNY Mellon Strategic Municipals during the 3rd quarter worth approximately $68,000. Koshinski Asset Management Inc. purchased a new position in BNY Mellon Strategic Municipals in the 2nd quarter worth approximately $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 lifted its position in BNY Mellon Strategic Municipals by 394.1% in the third quarter. Gridiron Partners LLC now owns 1,994,982 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 1,591,208 shares during the last quarter.

BNY Mellon Strategic Municipals Stock Down 0.2%

Shares of NYSE LEO traded down $0.02 during midday trading on Friday, hitting $6.49. 143,697 shares of the company’s stock were exchanged, compared to its average volume of 169,674. The business’s fifty day moving average price is $6.33 and its two-hundred day moving average price is $6.17. BNY Mellon Strategic Municipals has a 12-month low of $5.55 and a 12-month high of $6.52.

BNY Mellon Strategic Municipals Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be given a $0.026 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, February 12th. This is a positive change from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.02.

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.