BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Down 43.3% in June

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 16,033 shares, a decline of 43.3% from the May 31st total of 28,286 shares. Based on an average daily volume of 32,534 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Riverbridge Partners LLC boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 65.3% in the fourth quarter. Riverbridge Partners LLC now owns 284,913 shares of the company’s stock valued at $3,131,000 after purchasing an additional 112,566 shares in the last quarter. Sit Investment Associates Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth approximately $2,784,000. Bulldog Investors LLP boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.7% in the 3rd quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock valued at $3,552,000 after buying an additional 158,768 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 91.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 150,878 shares of the company’s stock worth $1,658,000 after acquiring an additional 71,874 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth $78,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

NYSE:DMB traded up $0.04 during trading hours on Wednesday, hitting $11.08. The company’s stock had a trading volume of 99,122 shares, compared to its average volume of 55,219. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.85 and a 52-week high of $11.28. The stock has a fifty day moving average of $10.94 and a 200-day moving average of $10.92.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 16th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

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.