BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Down 38.2% in October

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 9,400 shares, a drop of 38.2% from the September 30th total of 15,200 shares. Based on an average daily trading volume, of 64,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DMB. Blue Bell Private Wealth Management LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at about $249,000. B. Riley Wealth Advisors Inc. boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during 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. Pine Valley Investments Ltd Liability Co grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 6.3% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after acquiring an additional 2,000 shares during the period. Almitas Capital LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $464,000. Finally, Whitebox Advisors LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at approximately $1,266,000.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB opened at $10.71 on Tuesday. The stock’s 50 day moving average price is $11.00 and its 200-day moving average price is $10.63. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $8.94 and a 52-week high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, October 18th.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.