Short Interest in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Decreases By 35.5%

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 13,100 shares, a decrease of 35.5% from the December 15th total of 20,300 shares. Based on an average daily trading volume, of 72,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the third quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock worth $66,000 after buying an additional 3,007 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter worth about $223,000. Janney Montgomery Scott LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter worth about $237,000. B. Riley Wealth Advisors Inc. lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after acquiring an additional 7,800 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at about $289,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

NYSE:DMB remained flat at $10.44 on Friday. The company’s stock had a trading volume of 35,454 shares, compared to its average volume of 70,923. The company’s 50 day moving average price is $10.63 and its two-hundred day moving average price is $10.78. BNY Mellon Municipal Bond Infrastructure Fund has a 1-year low of $9.93 and a 1-year high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Tuesday, January 21st.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities.