BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Short Interest Update

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a large increase in short interest in 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.

Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 25.0% during the 3rd quarter. Pathstone Holdings LLC now owns 2,141,763 shares of the investment management company’s stock valued at $13,344,000 after acquiring an additional 428,411 shares during the last quarter. Rivernorth Capital Management LLC boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 10.0% in the third quarter. Rivernorth Capital Management LLC now owns 1,611,789 shares of the investment management company’s stock worth $10,041,000 after purchasing an additional 146,017 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in BNY Mellon Strategic Municipal Bond Fund by 10.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,162,255 shares of the investment management company’s stock worth $6,904,000 after purchasing an additional 113,782 shares during the period. Almitas Capital LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 144.1% during the 2nd quarter. Almitas Capital LLC now owns 559,398 shares of the investment management company’s stock valued at $3,323,000 after buying an additional 330,189 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 1.0% during the 3rd quarter. Capital Investment Advisors LLC now owns 313,890 shares of the investment management company’s stock valued at $1,956,000 after buying an additional 3,000 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.7 %

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

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued 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 of this dividend is Friday, November 15th.

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.