BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Sees Large Increase in Short Interest

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 27,500 shares, a growth of 62.7% from the January 31st total of 16,900 shares. Based on an average daily volume of 76,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Large investors have recently added to or reduced their stakes in the stock. Pathstone Holdings LLC boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 133.2% in the 3rd 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 period. Avior Wealth Management LLC lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% in 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. purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund during the third quarter worth $223,000. HighTower Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the third quarter valued at $289,000. Finally, Rivernorth Capital Management LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock valued at $7,036,000 after acquiring an additional 615,934 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB stock traded down $0.09 during trading on Tuesday, hitting $10.76. 31,246 shares of the company’s stock traded hands, compared to its average volume of 67,845. BNY Mellon Municipal Bond Infrastructure Fund has a 52 week low of $9.93 and a 52 week high of $11.28. The business has a fifty day simple moving average of $10.51 and a 200 day simple moving average of $10.76.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 3rd. Investors of record on Wednesday, February 19th were given a $0.03 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.36 annualized dividend and a yield of 3.35%.

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.