BNY Mellon Strategic Municipal Bond Fund Reports Surge in Short Interest

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BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) reported a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 36,610 shares, an increase of 19.6% from the February 12th total of 30,614 shares. Based on the fund's average daily trading volume of 103,102 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company's shares are sold short.

Why it matters

The rise in short interest for BNY Mellon Strategic Municipal Bond Fund could indicate that some investors are betting against the fund's performance. Short selling activity is often seen as a bearish signal, as it suggests some traders expect the fund's share price to decline. This news may be of interest to investors closely monitoring the municipal bond market and the performance of closed-end funds in this space.

The details

BNY Mellon Strategic Municipal Bond Fund, Inc. is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. The fund's primary objective is to provide current income exempt from federal income tax. The increase in short interest suggests some traders are taking a bearish stance on the fund, potentially due to concerns about the municipal bond market or the fund's specific holdings and strategy.

• As of February 27th, 2026, there was short interest totaling 36,610 shares.
• This represents a 19.6% increase from the February 12th, 2026 total of 30,614 shares.