Short traders are feeling a little more bearish on shares of Dreyfus Strategic Muni Bond Fund if you take note of the motion in short interest. The stock saw a rise in short interest of 118.72% as of the latest report on October 31, 2017. Short shares grew from 69,778 to 152,615 over that timeframe. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares was 0.00% on October 31.
A few notable investment firms have updated their holdings. As of the end of the quarter Van Eck Associates Corp had sold a total of 5,777 shares trimming its holdings by 6.1%. The value in dollars went from $800,000 to $748,000 a change of 6.5% quarter over quarter. As of quarter end Wells Fargo & Company/mn had disposed of 9,996 shares trimming its position 47.6%. The value of the total investment in Dreyfus Strategic Muni Bond Fund decreased from $179,000 to $93,000 decreasing 48.0% since the last quarter.
Baird Financial Group, Inc. downsized its holdings by selling 1,448 shares a decrease of 1.2% in the quarter. Baird Financial Group, Inc. currently owns 116,931 shares with a value of $990,000. The total value of its holdings decreased 1.7%. Raymond James & Associates reduced its investment by shedding 148 shares a decrease of 0.1% as of 09/30/2017. Raymond James & Associates now controls 139,778 shares valued at $1,184,000. The value of the position overall is down by 0.6%.
In the market the company is trading down from yesterday’s close of 75.78. The P/E ratio is currently 7.90 and market cap is 13.74B. In the latest earnings report the EPS was $9.58 with 175.00M shares now outstanding.
Dreyfus Strategic Municipal Bond Fund, Inc. (the fund) is a diversified closed-end management investment company. The fund?s investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Dreyfus Corporation serves as the fund?s investment adviser..