Short Interest in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Drops By 24.6%

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 60,700 shares, a decline of 24.6% from the February 28th total of 80,500 shares. Based on an average daily trading volume, of 147,800 shares, the short-interest ratio is presently 0.4 days.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of NYSE:DSM opened at $5.78 on Monday. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $5.54 and a 52-week high of $6.38. The business has a fifty day moving average of $5.90 and a two-hundred day moving average of $5.99.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.018 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.22 annualized dividend and a yield of 3.74%.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Hedge funds have recently made changes to their positions in the company. Elequin Capital LP acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at approximately $36,000. MidWestOne Financial Group Inc. purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter worth $76,000. Landscape Capital Management L.L.C. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth about $84,000. Benjamin Edwards Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at about $149,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at about $177,000.

About BNY Mellon Strategic Municipal Bond Fund

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.