BNY Mellon Municipal Income, Inc. (NYSE:DMF) Short Interest Down 31.0% in May

BNY Mellon Municipal Income, Inc. (NYSE:DMF) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 13,600 shares, a decline of 31.0% from the May 15th total of 19,700 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 68,600 shares, the short-interest ratio is presently 0.2 days.

BNY Mellon Municipal Income Stock Up 0.1%

BNY Mellon Municipal Income stock opened at $6.94 on Tuesday. BNY Mellon Municipal Income has a twelve month low of $6.72 and a twelve month high of $7.52. The stock’s fifty day simple moving average is $6.95 and its 200-day simple moving average is $7.10.

BNY Mellon Municipal Income Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a $0.078 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.94 dividend on an annualized basis and a yield of 13.49%. This is a positive change from BNY Mellon Municipal Income’s previous monthly dividend of $0.02.

Hedge Funds Weigh In On BNY Mellon Municipal Income

Several hedge funds and other institutional investors have recently made changes to their positions in DMF. Almitas Capital LLC lifted its stake in BNY Mellon Municipal Income by 34.2% in the first quarter. Almitas Capital LLC now owns 1,081,956 shares of the company’s stock worth $7,768,000 after acquiring an additional 275,948 shares during the last quarter. Sit Investment Associates Inc. increased its position in shares of BNY Mellon Municipal Income by 1.9% in the 1st quarter. Sit Investment Associates Inc. now owns 3,057,452 shares of the company’s stock valued at $21,953,000 after purchasing an additional 56,770 shares during the last quarter. Nuveen LLC acquired a new stake in shares of BNY Mellon Municipal Income in the 1st quarter valued at $393,000. Virtu Financial LLC purchased a new stake in shares of BNY Mellon Municipal Income during the 1st quarter worth $163,000. Finally, Dakota Wealth Management lifted its position in shares of BNY Mellon Municipal Income by 18.7% during the 1st quarter. Dakota Wealth Management now owns 118,826 shares of the company’s stock worth $853,000 after purchasing an additional 18,700 shares during the last quarter.

BNY Mellon Municipal Income Company Profile

BNY Mellon Municipal Income, 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 municipal obligations that are rated investment grade and have maturities of less than one year.