Short Interest in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Decreases By 39.9%

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 44,646 shares, a decline of 39.9% from the June 15th total of 74,300 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 136,351 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund

Hedge funds have recently modified their holdings of the business. Cerity Partners LLC purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter valued at about $56,000. Nomura Holdings Inc. purchased a new position in BNY Mellon Strategic Municipal Bond Fund during the third quarter worth about $74,000. BOKF NA acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at about $79,000. Janney Montgomery Scott LLC increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 22.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,331 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 2,765 shares during the last quarter. Finally, Novak & Powell Financial Services Inc. purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at approximately $111,000.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.3%

DSM traded down $0.02 during trading hours on Thursday, reaching $6.05. The company’s stock had a trading volume of 50,969 shares, compared to its average volume of 100,063. BNY Mellon Strategic Municipal Bond Fund has a fifty-two week low of $5.45 and a fifty-two week high of $6.30. The business’s 50-day moving average is $6.10 and its 200-day moving average is $6.10.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be given a $0.03 dividend. The ex-dividend date is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

About BNY Mellon Strategic Municipal Bond Fund

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.