BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Sees Significant Growth in Short Interest

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 49,500 shares, an increase of 266.7% from the November 15th total of 13,500 shares. Based on an average daily trading volume, of 64,800 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at about $223,000. Allspring Global Investments Holdings LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at approximately $5,513,000. Almitas Capital LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at approximately $464,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth approximately $249,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock worth $270,000 after purchasing an additional 7,800 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of NYSE:DMB traded down $0.11 during mid-day trading on Friday, hitting $10.74. 35,738 shares of the company traded hands, compared to its average volume of 67,467. The firm’s 50 day simple moving average is $10.86 and its 200 day simple moving average is $10.78. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.93 and a 52-week high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, December 18th.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities.