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 growth in short interest during the month of October. As of October 30th, there was short interest totaling 148,088 shares, a growth of 3,998.8% from the October 15th total of 3,613 shares. Based on an average daily volume of 114,511 shares, the days-to-cover ratio is presently 1.3 days.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of NYSE DMB opened at $10.28 on Wednesday. BNY Mellon Municipal Bond Infrastructure Fund has a 12-month low of $9.19 and a 12-month high of $11.28. The stock’s 50 day simple moving average is $9.90 and its 200 day simple moving average is $10.63.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.60 annualized dividend and a yield of 5.8%.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of hedge funds have recently added to or reduced their stakes in DMB. Riverbridge Partners LLC lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 22.5% in the 3rd quarter. Riverbridge Partners LLC now owns 98,823 shares of the company’s stock valued at $930,000 after purchasing an additional 18,169 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter valued at approximately $108,000. Readystate Asset Management LP bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at approximately $163,000. Triumph Capital Management boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 17.8% during the second quarter. Triumph Capital Management now owns 8,450 shares of the company’s stock worth $93,000 after buying an additional 1,275 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 14.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 247,088 shares of the company’s stock worth $2,728,000 after buying an additional 31,290 shares during the period.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) is a closed-end investment fund managed by BNY Mellon Investment Adviser, Inc. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, cities, counties, and other public entities. The fund focuses on municipal bonds that finance infrastructure and related public projects, including transportation systems, utilities, schools, hospitals, and other essential facilities.