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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 64,312 shares, a decline 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.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB stock traded down $0.02 on Friday, reaching $11.11. The company had a trading volume of 67,585 shares, compared to its average volume of 70,049. The company’s fifty day moving average is $10.84 and its 200 day moving average is $10.55. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.58 and a 1 year high of $11.26.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

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

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 11.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 958,161 shares of the company’s stock worth $10,252,000 after purchasing an additional 99,220 shares in the last quarter. Riverbridge Partners LLC raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 2.6% during the 3rd quarter. Riverbridge Partners LLC now owns 172,347 shares of the company’s stock valued at $1,844,000 after buying an additional 4,370 shares during the period. Guggenheim Capital LLC lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 22.1% during the 2nd quarter. Guggenheim Capital LLC now owns 157,883 shares of the company’s stock worth $1,614,000 after acquiring an additional 28,564 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $238,000. Finally, Allworth Financial LP acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at approximately $41,000.

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.