BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Sees Significant Decrease in Short Interest

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 56,560 shares, a decline of 36.9% from the May 31st total of 89,617 shares. Based on an average daily trading volume, of 230,942 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

BNY Mellon Strategic Municipals Stock Performance

Shares of LEO traded down $0.01 during trading hours on Friday, hitting $6.46. 318,510 shares of the company were exchanged, compared to its average volume of 218,350. The firm’s 50 day moving average is $6.38 and its 200-day moving average is $6.37. BNY Mellon Strategic Municipals has a 52 week low of $5.71 and a 52 week high of $6.55.

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BNY Mellon Strategic Municipals (NYSE:LEO – Get Free Report) last issued its quarterly earnings data on Friday, May 29th. The investment management company reported $0.08 earnings per share for the quarter. The company had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

Institutional Trading of BNY Mellon Strategic Municipals

A number of institutional investors and hedge funds have recently modified their holdings of LEO. Capital Analysts LLC acquired a new position in BNY Mellon Strategic Municipals in the 4th quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the fourth quarter valued at about $29,000. Fort Point Capital Partners LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the third quarter valued at about $68,000. BOKF NA bought a new position in shares of BNY Mellon Strategic Municipals in the fourth quarter worth about $78,000. Finally, Evolve Private Wealth LLC bought a new position in shares of BNY Mellon Strategic Municipals in the fourth quarter worth about $96,000.

BNY Mellon Strategic Municipals Company Profile

(Get Free Report)

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.

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