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

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at $5,513,000. Hennion & Walsh Asset Management Inc. grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 10.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 417,627 shares of the company’s stock valued at $4,339,000 after acquiring an additional 38,540 shares during the period. Matisse Capital grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 7.7% in the second quarter. Matisse Capital now owns 371,400 shares of the company’s stock valued at $3,929,000 after acquiring an additional 26,417 shares during the period. Ackerman Capital Advisors LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 0.9% in the second quarter. Ackerman Capital Advisors LLC now owns 136,762 shares of the company’s stock valued at $1,447,000 after acquiring an additional 1,234 shares during the period. Finally, Whitebox Advisors LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at $1,266,000.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 0.3 %

Shares of NYSE:DMB traded up $0.03 during midday trading on Friday, hitting $11.12. The company’s stock had a trading volume of 48,476 shares, compared to its average volume of 68,037. The stock’s 50 day simple moving average is $10.90 and its 200 day simple moving average is $10.52. BNY Mellon Municipal Bond Infrastructure Fund has a fifty-two week low of $8.94 and a fifty-two week high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

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

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.