BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Down 43.3% in June

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 16,033 shares, a decrease of 43.3% from the May 31st total of 28,286 shares. Based on an average daily volume of 32,534 shares, the days-to-cover ratio is currently 0.5 days.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB traded up $0.04 during trading hours on Wednesday, hitting $11.08. 99,122 shares of the company’s stock were exchanged, compared to its average volume of 55,219. BNY Mellon Municipal Bond Infrastructure Fund has a 12-month low of $9.85 and a 12-month high of $11.28. The firm has a 50 day moving average of $10.94 and a 200 day moving average of $10.92.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, June 16th.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds have recently bought and sold shares of the stock. Triumph Capital Management grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 15.0% during the fourth quarter. Triumph Capital Management now owns 8,375 shares of the company’s stock worth $92,000 after buying an additional 1,090 shares in the last quarter. HighTower Advisors LLC lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 4.7% in the fourth quarter. HighTower Advisors LLC now owns 46,364 shares of the company’s stock worth $510,000 after acquiring an additional 2,068 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% in the first quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock worth $263,000 after acquiring an additional 2,425 shares during the last quarter. Melfa Wealth Management Inc. grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 11.0% during the 4th quarter. Melfa Wealth Management Inc. now owns 37,722 shares of the company’s stock worth $415,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth approximately $55,000.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.