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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 16,033 shares, a decrease of 43.3% from the May 31st total of 28,286 shares. Based on an average daily trading volume, of 32,534 shares, the short-interest ratio is currently 0.5 days.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.4%

DMB stock traded down $0.04 during mid-day trading on Thursday, reaching $11.06. The company’s stock had a trading volume of 93,251 shares, compared to its average volume of 55,523. The business’s 50 day moving average price is $10.94 and its 200 day moving average price is $10.92. BNY Mellon Municipal Bond Infrastructure Fund has a 12 month low of $9.85 and a 12 month high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 16th were issued a $0.05 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Tuesday, June 16th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors and hedge funds have recently modified their holdings of DMB. Riverbridge Partners LLC increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 65.3% in the fourth quarter. Riverbridge Partners LLC now owns 284,913 shares of the company’s stock worth $3,131,000 after buying an additional 112,566 shares during the last quarter. Bulldog Investors LLP raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 91.7% during the 3rd quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock valued at $3,552,000 after acquiring an additional 158,768 shares during the period. Sit Investment Associates Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth $2,784,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 150,878 shares of the company’s stock worth $1,658,000 after acquiring an additional 71,874 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the first quarter worth $125,000.

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.