Short Interest in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Increases By 177.2%

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 53,403 shares, an increase of 177.2% from the August 15th total of 19,266 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 100,314 shares, the days-to-cover ratio is currently 0.5 days.

BNY Mellon Strategic Municipal Bond Fund Stock Down 1.3%

NYSE:DSM traded down $0.07 during mid-day trading on Monday, reaching $5.51. 39,611 shares of the company were exchanged, compared to its average volume of 91,559. BNY Mellon Strategic Municipal Bond Fund has a 12 month low of $5.50 and a 12 month high of $6.30. The company has a fifty day moving average of $5.87 and a 200 day moving average of $6.00.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be given a $0.03 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Monday, September 14th.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Institutional investors have recently bought and sold shares of the business. Robinson Capital Management LLC grew its position in shares of BNY Mellon Strategic Municipal Bond Fund by 9.8% during the 2nd quarter. Robinson Capital Management LLC now owns 467,193 shares of the investment management company’s stock worth $2,878,000 after buying an additional 41,717 shares during the period. Readystate Asset Management LP acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the second quarter worth $88,000. Rivernorth Capital Management LLC raised its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 15.7% in the 2nd quarter. Rivernorth Capital Management LLC now owns 1,920,587 shares of the investment management company’s stock valued at $11,812,000 after purchasing an additional 260,230 shares during the period. Van ECK Associates Corp lifted its stake in BNY Mellon Strategic Municipal Bond Fund by 1.6% in the 2nd quarter. Van ECK Associates Corp now owns 423,652 shares of the investment management company’s stock valued at $2,605,000 after acquiring an additional 6,849 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 87.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,476,212 shares of the investment management company’s stock worth $9,079,000 after purchasing an additional 689,844 shares in the last quarter.

About BNY Mellon Strategic Municipal Bond Fund

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.