BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Down 79.1% in April

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 11,700 shares, a decline of 79.1% from the March 31st total of 55,900 shares. Based on an average trading volume of 198,400 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On BNY Mellon Strategic Municipals

Hedge funds and other institutional investors have recently made changes to their positions in the company. Saba Capital Management L.P. raised its position in shares of BNY Mellon Strategic Municipals by 11.2% during the fourth quarter. Saba Capital Management L.P. now owns 4,932,793 shares of the investment management company's stock worth $29,794,000 after purchasing an additional 496,846 shares during the period. Rivernorth Capital Management LLC boosted its stake in BNY Mellon Strategic Municipals by 25.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company's stock worth $15,696,000 after purchasing an additional 492,244 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 34.8% in the fourth quarter. Pathstone Holdings LLC now owns 1,488,106 shares of the investment management company's stock valued at $8,993,000 after purchasing an additional 384,579 shares in the last quarter. Wells Fargo & Company MN raised its position in BNY Mellon Strategic Municipals by 4.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,465,414 shares of the investment management company's stock valued at $8,851,000 after buying an additional 64,526 shares during the last quarter. Finally, Logan Stone Capital LLC lifted its position in shares of BNY Mellon Strategic Municipals by 0.6% in the fourth quarter. Logan Stone Capital LLC now owns 1,244,554 shares of the investment management company's stock worth $7,517,000 after purchasing an additional 7,130 shares in the last quarter.

BNY Mellon Strategic Municipals Stock Up 0.5 %

Shares of BNY Mellon Strategic Municipals stock traded up $0.03 during trading on Friday, reaching $5.85. 233,172 shares of the company were exchanged, compared to its average volume of 177,255. BNY Mellon Strategic Municipals has a twelve month low of $5.55 and a twelve month high of $6.64. The business has a 50-day moving average price of $6.06 and a 200-day moving average price of $6.17.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be paid a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a yield of 3.90%. The ex-dividend date is Monday, April 14th.

About BNY Mellon Strategic Municipals

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

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