BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Shorted: Short Interest Down 88.5% in October

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,613 shares, a decrease of 88.5% from the September 30th total of 31,462 shares. Based on an average daily trading volume, of 118,477 shares, the short-interest ratio is presently 0.0 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 2.8%

NYSE:DMB traded up $0.27 during trading hours on Monday, reaching $10.07. 66,907 shares of the company traded hands, compared to its average volume of 65,365. The business’s 50-day moving average price is $9.96 and its two-hundred day moving average price is $10.56. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.19 and a 1 year high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 19th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, October 19th. This represents a $0.60 annualized dividend and a dividend yield of 6.0%.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several large investors have recently modified their holdings of DMB. Triumph Capital Management lifted its position in 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 valued at $93,000 after purchasing an additional 1,275 shares in the last quarter. Janney Montgomery Scott LLC increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% in the first quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock worth $263,000 after buying an additional 2,425 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the first quarter worth about $125,000. Readystate Asset Management LP bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth about $163,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 14.5% in 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 that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, cities, and other public entities in the United States.

The fund focuses on municipal bonds that finance infrastructure-related projects and public services. These investments may support areas such as transportation, utilities, schools, hospitals, housing, and other essential community facilities.