Short Interest in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Expands By 54.7%

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 86,300 shares, a growth of 54.7% from the February 28th total of 55,800 shares. Based on an average trading volume of 66,600 shares, the days-to-cover ratio is currently 1.3 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of DMB traded up $0.04 on Monday, reaching $10.55. The stock had a trading volume of 13,552 shares, compared to its average volume of 66,633. BNY Mellon Municipal Bond Infrastructure Fund has a twelve month low of $9.93 and a twelve month high of $11.28. The firm has a 50-day moving average of $10.62 and a 200 day moving average of $10.73.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, March 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the 3rd 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 last quarter. Allspring Global Investments Holdings LLC grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 56.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock valued at $8,890,000 after purchasing an additional 309,335 shares during the last quarter. Whitebox Advisors LLC increased its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 79.4% during the 4th quarter. Whitebox Advisors LLC now owns 225,910 shares of the company’s stock worth $2,338,000 after purchasing an additional 100,000 shares in the last quarter. Saba Capital Management L.P. raised its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.9% during the 4th quarter. Saba Capital Management L.P. now owns 1,225,212 shares of the company’s stock worth $12,681,000 after purchasing an additional 90,152 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter valued at $845,000.

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.