Short Interest in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Grows By 319.4%

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 15,100 shares, an increase of 319.4% from the June 15th total of 3,600 shares. Based on an average daily volume of 73,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DMB. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 10.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 417,627 shares of the company’s stock valued at $4,339,000 after acquiring an additional 38,540 shares in the last quarter. Matisse Capital lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 146.4% during the first quarter. Matisse Capital now owns 344,983 shares of the company’s stock valued at $3,584,000 after purchasing an additional 204,983 shares during the last quarter. Van ECK Associates Corp lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 21.2% during the fourth quarter. Van ECK Associates Corp now owns 139,279 shares of the company’s stock valued at $1,436,000 after purchasing an additional 24,356 shares during the last quarter. Ackerman Capital Advisors LLC lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 15.4% during the first quarter. Ackerman Capital Advisors LLC now owns 135,528 shares of the company’s stock valued at $1,408,000 after purchasing an additional 18,044 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter valued at approximately $727,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

NYSE DMB remained flat at $10.80 on Friday. 45,573 shares of the company’s stock traded hands, compared to its average volume of 71,020. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $8.94 and a 1 year high of $11.79. The firm’s 50 day simple moving average is $10.38 and its 200-day simple moving average is $10.29.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 18th will be given a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.33%. The ex-dividend date is Thursday, July 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.