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 large increase in short interest during the month of September. As of September 30th, there was short interest totalling 15,200 shares, an increase of 5.6% from the September 15th total of 14,400 shares. Based on an average daily volume of 63,100 shares, the days-to-cover ratio is presently 0.2 days.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of DMB traded down $0.03 on Thursday, hitting $11.02. 51,557 shares of the stock traded hands, compared to its average volume of 68,196. BNY Mellon Municipal Bond Infrastructure Fund has a one year low of $8.94 and a one year high of $11.27. The business has a 50 day simple moving average of $11.01 and a 200 day simple moving average of $10.60.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a $0.03 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.27%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter valued at $167,000. Blue Bell Private Wealth Management LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at about $249,000. B. Riley Wealth Advisors Inc. raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during the second 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 during the period. Pine Valley Investments Ltd Liability Co lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 6.3% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock valued at $360,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Almitas Capital LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth about $464,000.

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.