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 increase in short interest in April. As of April 15th, there was short interest totalling 56,400 shares, an increase of 32.4% from the March 31st total of 42,600 shares. Based on an average daily volume of 33,400 shares, the days-to-cover ratio is currently 1.7 days.

Shares of NYSE DMB traded up $0.11 during midday trading on Tuesday, reaching $14.63. 30,982 shares of the company traded hands, compared to its average volume of 32,191. BNY Mellon Municipal Bond Infrastructure Fund has a 52 week low of $12.10 and a 52 week high of $15.08. The stock has a 50-day moving average price of $14.38 and a 200 day moving average price of $14.13.

The business also recently disclosed a monthly dividend, which was paid on Monday, May 3rd. Investors of record on Tuesday, April 20th were paid a dividend of $0.053 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend was Monday, April 19th.

Several hedge funds and other institutional investors have recently modified their holdings of DMB. Oder Investment Management LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $34,000. Syverson Strege & Co bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $50,000. Wealthcare Advisory Partners LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the first quarter worth about $76,000. Patriot Financial Group Insurance Agency LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $105,000. Finally, International Assets Investment Management LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $141,000.

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.

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