BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Up 290.4% in December

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a large 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 trading volume, of 106,458 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 106,458 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at $41,000. Triumph Capital Management bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at about $78,000. Plancorp LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at about $102,000. Nomura Holdings Inc. acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at about $102,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth about $227,000.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of NYSE DMB opened at $11.15 on Thursday. The firm’s 50-day moving average price is $10.78 and its two-hundred day moving average price is $10.49. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.58 and a 52-week high of $11.26.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

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

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.