Short Interest in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Increases By 102.9%

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 55,800 shares, a growth of 102.9% from the February 13th total of 27,500 shares. Based on an average daily volume of 67,900 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Saba Capital Management L.P. grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.9% in the 4th quarter. Saba Capital Management L.P. now owns 1,225,212 shares of the company’s stock valued at $12,681,000 after buying an additional 90,152 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 56.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock worth $8,890,000 after purchasing an additional 309,335 shares during the last quarter. Rivernorth Capital Management LLC boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after purchasing an additional 615,934 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 133.2% during the third quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock worth $4,340,000 after purchasing an additional 222,114 shares during the last quarter. Finally, Logan Stone Capital LLC boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the fourth quarter. Logan Stone Capital LLC now owns 338,372 shares of the company’s stock worth $3,502,000 after purchasing an additional 33,059 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of NYSE DMB traded up $0.02 during trading hours on Friday, reaching $10.64. The stock had a trading volume of 41,121 shares, compared to its average volume of 66,605. The business’s fifty day moving average is $10.56 and its two-hundred day moving average is $10.75. BNY Mellon Municipal Bond Infrastructure Fund has a twelve month low of $9.93 and a twelve month high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.36 dividend on an annualized basis and a yield of 3.38%.

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.