BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Short Interest Down 45.6% in August

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 47,833 shares, a decline of 45.6% from the July 30th total of 87,912 shares. Based on an average daily volume of 340,829 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

BNY Mellon Strategic Municipals Trading Down 0.3%

BNY Mellon Strategic Municipals stock traded down $0.02 during midday trading on Monday, reaching $6.18. 104,875 shares of the stock traded hands, compared to its average volume of 207,993. The firm has a fifty day moving average price of $6.30 and a two-hundred day moving average price of $6.34. BNY Mellon Strategic Municipals has a fifty-two week low of $5.87 and a fifty-two week high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last announced its quarterly earnings results on Friday, May 29th. The investment management company reported $0.08 EPS for the quarter. The firm had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a yield of 5.8%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LEO. Capital Analysts LLC bought a new position in BNY Mellon Strategic Municipals in the 4th quarter valued at about $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the 4th quarter worth approximately $29,000. BOKF NA acquired a new stake in shares of BNY Mellon Strategic Municipals in the 4th quarter worth approximately $78,000. Evolve Private Wealth LLC bought a new position in shares of BNY Mellon Strategic Municipals in the fourth quarter valued at approximately $96,000. Finally, Summit Financial LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the fourth quarter valued at approximately $113,000.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.