BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Update

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 49,500 shares, an increase of 266.7% from the November 15th total of 13,500 shares. Based on an average trading volume of 64,800 shares, the days-to-cover ratio is currently 0.8 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.3 %

Shares of BNY Mellon Municipal Bond Infrastructure Fund stock traded up $0.03 on Wednesday, reaching $10.97. 51,435 shares of the company were exchanged, compared to its average volume of 67,578. BNY Mellon Municipal Bond Infrastructure Fund has a 1-year low of $9.88 and a 1-year high of $11.27. The company’s 50-day moving average is $10.87 and its two-hundred day moving average is $10.78.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.28%. The ex-dividend date is Wednesday, December 18th.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Ackerman Capital Advisors LLC raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 0.9% during the second quarter. Ackerman Capital Advisors LLC now owns 136,762 shares of the company’s stock valued at $1,447,000 after buying an additional 1,234 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth $5,513,000. Pine Valley Investments Ltd Liability Co boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after acquiring an additional 2,000 shares during the period. Matisse Capital grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.7% in the second quarter. Matisse Capital now owns 371,400 shares of the company’s stock worth $3,929,000 after purchasing an additional 26,417 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at $249,000.

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.