Short Interest in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Increases By 84.6%

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 14,400 shares, an increase of 84.6% from the August 31st total of 7,800 shares. Based on an average trading volume of 59,700 shares, the short-interest ratio is currently 0.2 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of BNY Mellon Municipal Bond Infrastructure Fund stock traded up $0.03 on Friday, hitting $11.12. The company had a trading volume of 48,476 shares, compared to its average volume of 68,037. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $8.94 and a 1 year high of $11.27. The stock has a 50 day moving average of $10.90 and a 200-day moving average of $10.52.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Thursday, September 19th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, September 19th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter valued at $167,000. Blue Bell Private Wealth Management LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth $249,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock worth $270,000 after acquiring an additional 7,800 shares during the period. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 6.3% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after acquiring an additional 2,000 shares during the period. Finally, Almitas Capital LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth $464,000.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.