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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 81,543 shares, a growth of 290.4% from the December 15th total of 20,889 shares. Based on an average daily volume of 106,458 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 106,458 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of large investors have recently modified their holdings of the stock. Allworth Financial LP bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth about $41,000. Triumph Capital Management purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth approximately $78,000. Plancorp LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $102,000. Nomura Holdings Inc. bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $102,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at approximately $227,000.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of DMB stock traded down $0.03 during trading hours on Wednesday, reaching $11.15. The company’s stock had a trading volume of 30,802 shares, compared to its average volume of 55,345. BNY Mellon Municipal Bond Infrastructure Fund has a one year low of $9.58 and a one year high of $11.26. The firm’s fifty day simple moving average is $10.77 and its 200 day simple moving average is $10.48.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 20th will be issued a $0.042 dividend. The ex-dividend date is Tuesday, January 20th. This represents a c) annualized dividend and a yield of 4.5%.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.