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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 81,543 shares, an increase of 290.4% from the December 15th total of 20,889 shares. Based on an average daily volume of 106,458 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 106,458 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pathstone Holdings LLC boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 33.9% during the 3rd quarter. Pathstone Holdings LLC now owns 1,331,675 shares of the company’s stock valued at $14,249,000 after acquiring an additional 337,294 shares in the last quarter. Bulldog Investors LLP boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.7% during the third quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock valued at $3,552,000 after purchasing an additional 158,768 shares in the last quarter. Riverbridge Partners LLC grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 65.3% in the fourth quarter. Riverbridge Partners LLC now owns 284,913 shares of the company’s stock worth $3,131,000 after purchasing an additional 112,566 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 11.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 958,161 shares of the company’s stock worth $10,252,000 after purchasing an additional 99,220 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 22.1% during the second quarter. Guggenheim Capital LLC now owns 157,883 shares of the company’s stock valued at $1,614,000 after buying an additional 28,564 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.0%

NYSE DMB traded down $0.01 on Tuesday, reaching $11.20. 20,269 shares of the company’s stock traded hands, compared to its average volume of 54,683. BNY Mellon Municipal Bond Infrastructure Fund has a 12 month low of $9.58 and a 12 month high of $11.26. The stock has a 50-day simple moving average of $10.76 and a 200 day simple moving average of $10.47.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 20th will be issued a dividend of $0.042 per share. The ex-dividend date is Tuesday, January 20th. This represents a c) annualized dividend and a yield of 4.5%.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.