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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMBGet Rating) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 77,300 shares, a decrease of 9.4% from the August 15th total of 85,300 shares. Based on an average daily trading volume, of 75,400 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 11.0% in the fourth quarter. Bank of America Corp DE now owns 174,488 shares of the company’s stock worth $2,509,000 after acquiring an additional 17,232 shares during the period. Ackerman Capital Advisors LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $310,000. Capital Investment Advisors LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 6.8% in the first quarter. Capital Investment Advisors LLC now owns 39,197 shares of the company’s stock worth $486,000 after buying an additional 2,500 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 0.6% in the first quarter. JFS Wealth Advisors LLC now owns 322,201 shares of the company’s stock worth $3,999,000 after buying an additional 1,929 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 32.0% in the first quarter. Commonwealth Equity Services LLC now owns 62,977 shares of the company’s stock worth $781,000 after buying an additional 15,266 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of DMB opened at $13.67 on Monday. The firm has a fifty day simple moving average of $13.57 and a two-hundred day simple moving average of $12.69. BNY Mellon Municipal Bond Infrastructure Fund has a twelve month low of $10.94 and a twelve month high of $16.67.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 20th will be given a $0.053 dividend. The ex-dividend date is Monday, September 19th. This represents a $0.64 annualized dividend and a dividend yield of 4.65%.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

(Get Rating)

BNY Mellon Municipal Bond Infrastructure Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities.

Read More

Receive News & Ratings for BNY Mellon Municipal Bond Infrastructure Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BNY Mellon Municipal Bond Infrastructure Fund and related companies with MarketBeat.com's FREE daily email newsletter.