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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 7,800 shares, a decrease of 59.6% from the August 15th total of 19,300 shares. Based on an average trading volume of 65,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ackerman Capital Advisors LLC increased its holdings 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 purchasing an additional 1,234 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock valued at $360,000 after purchasing an additional 2,000 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after purchasing an additional 7,800 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $167,000. Finally, Arlington Capital Management Inc. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the first quarter worth about $229,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.7 %

Shares of DMB opened at $11.22 on Friday. BNY Mellon Municipal Bond Infrastructure Fund has a 12-month low of $8.94 and a 12-month high of $11.22. The stock’s fifty day simple moving average is $10.80 and its 200-day simple moving average is $10.46.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business 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 $0.03 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.36 dividend on an annualized basis and a yield of 3.21%.

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.