BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Down 35.5% in December

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 13,100 shares, a decline of 35.5% from the December 15th total of 20,300 shares. Based on an average daily trading volume, of 72,500 shares, the short-interest ratio is currently 0.2 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of NYSE DMB remained flat at $10.44 during mid-day trading on Friday. 35,454 shares of the stock traded hands, compared to its average volume of 70,923. The business has a 50-day moving average of $10.63 and a 200-day moving average of $10.78. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.93 and a 52-week high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Tuesday, January 21st will be given a $0.03 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.36 dividend on an annualized basis and a yield of 3.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth about $223,000. HighTower Advisors LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth about $289,000. Almitas Capital LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth about $464,000. B. Riley Wealth Advisors Inc. boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after buying an additional 7,800 shares during the period. Finally, Whitebox Advisors LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at approximately $1,266,000.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.