BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Sees Significant Growth in Short Interest

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 34,800 shares, an increase of 15.2% from the October 15th total of 30,200 shares. Based on an average daily trading volume, of 112,200 shares, the short-interest ratio is currently 0.3 days.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

DSM opened at $6.01 on Monday. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $5.23 and a 1 year high of $6.38. The stock’s 50 day simple moving average is $6.15 and its 200-day simple moving average is $5.99.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.018 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, November 15th.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 220.9% in the second quarter. Wolverine Asset Management LLC now owns 11,232 shares of the investment management company’s stock worth $67,000 after purchasing an additional 7,732 shares in the last quarter. MidWestOne Financial Group Inc. acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the third quarter worth $76,000. Arbor Trust Wealth Advisors LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the second quarter worth $77,000. WMG Financial Advisors LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the second quarter worth $87,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the second quarter worth $94,000.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax.