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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 148,088 shares, an increase of 3,998.8% from the October 15th total of 3,613 shares. Based on an average trading volume of 114,511 shares, the days-to-cover ratio is currently 1.3 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of NYSE DMB traded down $0.26 during mid-day trading on Tuesday, reaching $10.28. 67,405 shares of the company traded hands, compared to its average volume of 65,176. The company’s fifty day moving average is $9.90 and its two-hundred day moving average is $10.63. BNY Mellon Municipal Bond Infrastructure Fund has a fifty-two week low of $9.19 and a fifty-two week high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.8%.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bulldog Investors LLP raised its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 30.1% in the first quarter. Bulldog Investors LLP now owns 520,749 shares of the company’s stock valued at $5,489,000 after purchasing an additional 120,446 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 14.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 247,088 shares of the company’s stock worth $2,728,000 after buying an additional 31,290 shares during the last quarter. Riverbridge Partners LLC lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 22.5% in the third quarter. Riverbridge Partners LLC now owns 98,823 shares of the company’s stock worth $930,000 after buying an additional 18,169 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock worth $263,000 after buying an additional 2,425 shares during the period. Finally, Readystate Asset Management LP bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth $163,000.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) is a closed-end investment fund managed by BNY Mellon Investment Adviser, Inc. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, cities, counties, and other public entities. The fund focuses on municipal bonds that finance infrastructure and related public projects, including transportation systems, utilities, schools, hospitals, and other essential facilities.