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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 27,500 shares, a growth of 62.7% from the January 31st total of 16,900 shares. Based on an average daily trading volume, of 76,000 shares, the short-interest ratio is presently 0.4 days.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.8 %

Shares of DMB traded down $0.09 during mid-day trading on Tuesday, reaching $10.76. 31,246 shares of the company’s stock traded hands, compared to its average volume of 67,845. The stock’s 50-day moving average is $10.51 and its two-hundred day moving average is $10.76. BNY Mellon Municipal Bond Infrastructure Fund has a 12 month low of $9.93 and a 12 month high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th were given a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.35%. The ex-dividend date was Wednesday, February 19th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Saba Capital Management L.P. grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.9% in the fourth quarter. Saba Capital Management L.P. now owns 1,225,212 shares of the company’s stock worth $12,681,000 after purchasing an additional 90,152 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 56.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock valued at $8,890,000 after buying an additional 309,335 shares during the period. Rivernorth Capital Management LLC grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the 3rd quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after acquiring an additional 615,934 shares in the last quarter. Pathstone Holdings LLC grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 133.2% in the 3rd quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock worth $4,340,000 after acquiring an additional 222,114 shares in the last quarter. Finally, Logan Stone Capital LLC increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the fourth quarter. Logan Stone Capital LLC now owns 338,372 shares of the company’s stock worth $3,502,000 after acquiring an additional 33,059 shares during the period.

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.