BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Shorted: Short Interest Down 88.5% in October

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,613 shares, a drop of 88.5% from the September 30th total of 31,462 shares. Based on an average trading volume of 118,477 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DMB. Triumph Capital Management increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 17.8% in the 2nd quarter. Triumph Capital Management now owns 8,450 shares of the company’s stock worth $93,000 after buying an additional 1,275 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the first quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock valued at $263,000 after acquiring an additional 2,425 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the first quarter valued at about $125,000. Readystate Asset Management LP purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at about $163,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 14.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 247,088 shares of the company’s stock valued at $2,728,000 after acquiring an additional 31,290 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

NYSE:DMB traded up $0.27 during trading hours on Monday, hitting $10.07. 66,907 shares of the stock traded hands, compared to its average volume of 65,365. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.19 and a 1 year high of $11.28. The stock has a 50 day moving average price of $9.96 and a 200 day moving average price of $10.56.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 19th will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, October 19th.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

BNY Mellon Municipal Bond Infrastructure Fund, Inc (NYSE: DMB) is a closed-end investment fund that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, cities, and other public entities in the United States.

The fund focuses on municipal bonds that finance infrastructure-related projects and public services. These investments may support areas such as transportation, utilities, schools, hospitals, housing, and other essential community facilities.