BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Up 40.8% in March

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 31,716 shares, an increase of 40.8% from the February 26th total of 22,526 shares. Based on an average trading volume of 63,578 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter valued at about $55,000. Kestra Advisory Services LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth about $72,000. Triumph Capital Management acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the third quarter valued at approximately $78,000. Nomura Holdings Inc. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at approximately $102,000. Finally, Closed End Fund Advisors Inc. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter valued at approximately $183,000.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of NYSE DMB traded up $0.04 during midday trading on Monday, reaching $10.33. The company’s stock had a trading volume of 88,203 shares, compared to its average volume of 63,185. BNY Mellon Municipal Bond Infrastructure Fund has a fifty-two week low of $9.58 and a fifty-two week high of $11.28. The stock has a 50 day simple moving average of $10.97 and a 200-day simple moving average of $10.82.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th will be given a $0.042 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 4.9%.

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.