Short Interest in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Increases By 84.6%

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 14,400 shares, an increase of 84.6% from the August 31st total of 7,800 shares. Based on an average daily trading volume, of 59,700 shares, the short-interest ratio is presently 0.2 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of NYSE DMB traded up $0.03 during trading hours on Friday, reaching $11.12. 48,476 shares of the stock traded hands, compared to its average volume of 68,037. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $8.94 and a 52-week high of $11.27. The company’s 50-day simple moving average is $10.90 and its two-hundred day simple moving average is $10.52.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Thursday, September 19th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.24%.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of large investors have recently modified their holdings of the company. Nomura Holdings Inc. purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter worth approximately $167,000. Blue Bell Private Wealth Management LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $249,000. B. Riley Wealth Advisors Inc. increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock worth $270,000 after purchasing an additional 7,800 shares during the period. Pine Valley Investments Ltd Liability Co increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after purchasing an additional 2,000 shares during the period. Finally, Almitas Capital LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $464,000.

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.