Short Interest in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Decreases By 57.0%

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a large 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 days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 55,021 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 11.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 958,161 shares of the company’s stock valued at $10,252,000 after buying an additional 99,220 shares during the last quarter. Riverbridge Partners LLC lifted its position in 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 worth $1,844,000 after acquiring an additional 4,370 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 22.1% in the second quarter. Guggenheim Capital LLC now owns 157,883 shares of the company’s stock valued at $1,614,000 after purchasing an additional 28,564 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth about $238,000. Finally, Allworth Financial LP acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth about $41,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of DMB traded up $0.01 during midday trading on Friday, hitting $11.09. The stock had a trading volume of 23,361 shares, compared to its average volume of 64,419. BNY Mellon Municipal Bond Infrastructure Fund has a fifty-two week low of $9.58 and a fifty-two week high of $11.28. The business has a 50-day simple moving average of $11.03 and a two-hundred day simple moving average of $10.70.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

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

About BNY Mellon Municipal Bond Infrastructure Fund

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.