Short Interest in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Drops By 35.5%

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 13,100 shares, a decline of 35.5% from the December 15th total of 20,300 shares. Based on an average trading volume of 72,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently modified their holdings of DMB. Rivernorth Capital Management LLC lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after purchasing an additional 615,934 shares during the period. Pathstone Holdings LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 133.2% during the 3rd quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock worth $4,340,000 after acquiring an additional 222,114 shares in the last quarter. Whitebox Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at approximately $1,266,000. Almitas Capital LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at approximately $464,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 549,606 shares of the company’s stock worth $6,134,000 after purchasing an additional 28,498 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.1 %

NYSE:DMB opened at $10.28 on Wednesday. BNY Mellon Municipal Bond Infrastructure Fund has a 52 week low of $9.93 and a 52 week high of $11.27. The firm’s 50-day simple moving average is $10.64 and its 200 day simple moving average is $10.79.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Tuesday, January 21st will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Tuesday, January 21st.

About BNY Mellon Municipal Bond Infrastructure Fund

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.