BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Update

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 31,716 shares, an increase of 40.8% from the February 26th total of 22,526 shares. Based on an average daily trading volume, of 63,578 shares, the short-interest ratio is presently 0.5 days.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB traded down $0.05 during trading on Friday, hitting $10.30. 49,650 shares of the company’s stock were exchanged, compared to its average volume of 62,762. The stock has a 50 day moving average price of $10.97 and a 200 day moving average price of $10.82. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.58 and a 1 year high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be given a $0.042 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a yield of 4.9%.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DMB. Farther Finance Advisors LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter worth $55,000. Kestra Advisory Services LLC acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter valued at approximately $72,000. Triumph Capital Management acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at approximately $78,000. Nomura Holdings Inc. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth $102,000. Finally, Closed End Fund Advisors Inc. acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter valued at approximately $183,000.

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.