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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 20,300 shares, a decrease of 59.0% from the November 30th total of 49,500 shares. Based on an average daily volume of 69,300 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% in the third quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock valued at $66,000 after purchasing an additional 3,007 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter worth about $223,000. Blue Bell Private Wealth Management LLC purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at approximately $249,000. B. Riley Wealth Advisors Inc. lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock worth $270,000 after acquiring an additional 7,800 shares during the period. Finally, HighTower Advisors LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at approximately $289,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.5 %

DMB stock traded down $0.05 during midday trading on Friday, reaching $10.27. 154,322 shares of the company were exchanged, compared to its average volume of 68,982. BNY Mellon Municipal Bond Infrastructure Fund has a 1-year low of $9.93 and a 1-year high of $11.27. The stock’s 50-day simple moving average is $10.72 and its 200 day simple moving average is $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, December 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.