BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Down 59.0% in December

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 20,300 shares, a drop of 59.0% from the November 30th total of 49,500 shares. Based on an average daily volume of 69,300 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several large investors have recently added to or reduced their stakes in DMB. Rivernorth Capital Management LLC raised its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the 3rd quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after buying an additional 615,934 shares during the period. Whitebox Advisors LLC increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 5.2% during the 3rd quarter. Whitebox Advisors LLC now owns 125,910 shares of the company’s stock worth $1,405,000 after purchasing an additional 6,269 shares in the last quarter. HighTower Advisors LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at approximately $289,000. Rockefeller Capital Management L.P. acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the third quarter valued at approximately $223,000. Finally, Avior Wealth Management LLC grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the third quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock worth $66,000 after buying an additional 3,007 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.5 %

DMB stock traded down $0.05 during midday trading on Friday, hitting $10.27. The stock had a trading volume of 154,322 shares, compared to its average volume of 68,982. BNY Mellon Municipal Bond Infrastructure Fund has a 12-month low of $9.93 and a 12-month high of $11.27. The company’s 50-day moving average price is $10.72 and its 200 day moving average price is $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.36 annualized dividend and a yield of 3.51%.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.