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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 27,082 shares, a drop of 57.0% from the January 29th total of 62,957 shares. Based on an average daily volume of 55,021 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 55,021 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of hedge funds have recently bought and sold shares of DMB. Allworth Financial LP purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at approximately $41,000. Farther Finance Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter valued at about $55,000. Kestra Advisory Services LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $72,000. Triumph Capital Management bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at about $78,000. Finally, Nomura Holdings Inc. acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at approximately $102,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

BNY Mellon Municipal Bond Infrastructure Fund stock traded up $0.01 during midday trading on Friday, hitting $11.09. 23,361 shares of the stock were exchanged, compared to its average volume of 64,419. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.58 and a 1 year high of $11.28. The company has a 50 day moving average price of $11.03 and a two-hundred day moving average price of $10.70.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be paid a $0.042 dividend. The ex-dividend date is Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.