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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 148,088 shares, an increase of 3,998.8% from the October 15th total of 3,613 shares. Based on an average daily trading volume, of 114,511 shares, the short-interest ratio is currently 1.3 days.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of DMB stock opened at $10.31 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund has a fifty-two week low of $9.19 and a fifty-two week high of $11.28. The stock’s 50-day simple moving average is $9.89 and its 200-day simple moving average is $10.62.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, November 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.8%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Bulldog Investors LLP increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 30.1% in the first quarter. Bulldog Investors LLP now owns 520,749 shares of the company’s stock valued at $5,489,000 after buying an additional 120,446 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 14.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 247,088 shares of the company’s stock valued at $2,728,000 after acquiring an additional 31,290 shares during the period. Riverbridge Partners LLC increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 22.5% in the 3rd quarter. Riverbridge Partners LLC now owns 98,823 shares of the company’s stock worth $930,000 after acquiring an additional 18,169 shares in the last quarter. Janney Montgomery Scott LLC raised its position in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the first quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock worth $263,000 after acquiring an additional 2,425 shares during the period. Finally, Readystate Asset Management LP acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth $163,000.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) is a closed-end investment fund managed by BNY Mellon Investment Adviser, Inc. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, cities, counties, and other public entities. The fund focuses on municipal bonds that finance infrastructure and related public projects, including transportation systems, utilities, schools, hospitals, and other essential facilities.