Short Interest in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Decreases By 36.9%

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. boosted its position in shares of BNY Mellon Strategic Municipals by 6.6% during the fourth quarter. Saba Capital Management L.P. now owns 6,076,820 shares of the investment management company’s stock worth $38,649,000 after acquiring an additional 378,001 shares during the last quarter. Pathstone Holdings LLC lifted its stake in BNY Mellon Strategic Municipals by 23.2% in the 3rd quarter. Pathstone Holdings LLC now owns 3,839,659 shares of the investment management company’s stock worth $23,998,000 after purchasing an additional 723,676 shares in the last quarter. Rivernorth Capital Management LLC lifted its stake in BNY Mellon Strategic Municipals by 5.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 2,195,115 shares of the investment management company’s stock worth $13,961,000 after purchasing an additional 119,962 shares in the last quarter. Bulldog Investors LLP boosted its holdings in shares of BNY Mellon Strategic Municipals by 6.5% during the 1st 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. Finally, Guggenheim Capital LLC boosted its holdings in shares of BNY Mellon Strategic Municipals by 60.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,545,694 shares of the investment management company’s stock valued at $9,831,000 after purchasing an additional 581,458 shares during the last quarter.

BNY Mellon Strategic Municipals Trading Down 1.0%

Shares of BNY Mellon Strategic Municipals stock traded down $0.07 on Thursday, hitting $6.45. 227,118 shares of the company’s stock were exchanged, compared to its average volume of 193,678. The company has a 50-day simple moving average of $6.38 and a 200-day simple moving average of $6.37. BNY Mellon Strategic Municipals has a 1 year low of $5.71 and a 1 year high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last posted its quarterly earnings data on Friday, May 29th. The investment management company reported $0.08 EPS for the quarter. The company had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Announces Dividend

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

BNY Mellon Strategic Municipals Company Profile

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.