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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 86,300 shares, an increase of 54.7% from the February 28th total of 55,800 shares. Based on an average trading volume of 66,600 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DMB. Elequin Capital LP acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter valued at about $25,000. Saba Capital Management L.P. increased 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 valued at $12,681,000 after purchasing an additional 90,152 shares during the last quarter. Nomura Holdings Inc. lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 143.6% during the fourth quarter. Nomura Holdings Inc. now owns 27,900 shares of the company’s stock worth $289,000 after buying an additional 16,448 shares in the last quarter. Logan Stone Capital LLC boosted its stake in 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 buying an additional 33,059 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 11.7% in the 4th quarter. Bank of America Corp DE now owns 63,528 shares of the company’s stock valued at $658,000 after buying an additional 6,650 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.3 %

Shares of NYSE:DMB opened at $10.55 on Tuesday. The business’s 50 day moving average price is $10.62 and its 200-day moving average price is $10.72. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.93 and a 1 year high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Tuesday, March 18th.

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.