Short Interest in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Increases By 102.9%

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 55,800 shares, a growth of 102.9% from the February 13th total of 27,500 shares. Based on an average daily volume of 67,900 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently modified their holdings of DMB. Rivernorth Capital Management LLC boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the 3rd quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock valued at $7,036,000 after buying an additional 615,934 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 56.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock valued at $8,890,000 after purchasing an additional 309,335 shares in the last quarter. Pathstone Holdings LLC raised its holdings 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 valued at $4,340,000 after purchasing an additional 222,114 shares in the last quarter. Whitebox Advisors LLC raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 79.4% during the 4th quarter. Whitebox Advisors LLC now owns 225,910 shares of the company’s stock valued at $2,338,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Saba Capital Management L.P. raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.9% during the 4th quarter. Saba Capital Management L.P. now owns 1,225,212 shares of the company’s stock valued at $12,681,000 after purchasing an additional 90,152 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of NYSE:DMB opened at $10.64 on Friday. The firm has a fifty day moving average of $10.57 and a two-hundred day moving average of $10.75. BNY Mellon Municipal Bond Infrastructure Fund has a 12-month low of $9.93 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 will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Tuesday, March 18th.

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.