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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 64,312 shares, a drop of 21.1% from the December 31st total of 81,543 shares. Based on an average daily trading volume, of 69,570 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 69,570 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at approximately $41,000. Farther Finance Advisors LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth approximately $55,000. Triumph Capital Management acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth approximately $78,000. Nomura Holdings Inc. acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth $102,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at $227,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.2%

NYSE DMB traded down $0.02 on Friday, hitting $11.11. 67,585 shares of the stock were exchanged, compared to its average volume of 70,049. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.58 and a 52-week high of $11.26. The stock has a fifty day moving average price of $10.84 and a two-hundred day moving average price of $10.55.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

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

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.