BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Shorted: Short Interest Up 3,998.8% in October

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 148,088 shares, a growth of 3,998.8% from the October 15th total of 3,613 shares. Based on an average daily volume of 114,511 shares, the days-to-cover ratio is presently 1.3 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

DMB stock traded down $0.26 during mid-day trading on Tuesday, hitting $10.28. The stock had a trading volume of 67,405 shares, compared to its average volume of 65,176. BNY Mellon Municipal Bond Infrastructure Fund has a 1-year low of $9.19 and a 1-year high of $11.28. The company has a fifty day moving average of $9.90 and a 200 day moving average of $10.63.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.8%.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Several large investors have recently added to or reduced their stakes in the business. Triumph Capital Management raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 17.8% during the 2nd quarter. Triumph Capital Management now owns 8,450 shares of the company’s stock valued at $93,000 after purchasing an additional 1,275 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth $108,000. Readystate Asset Management LP bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth $163,000. Janney Montgomery Scott LLC boosted its holdings 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 purchasing an additional 2,425 shares in the last quarter. Finally, Riverbridge Partners LLC increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 22.5% during the third quarter. Riverbridge Partners LLC now owns 98,823 shares of the company’s stock worth $930,000 after buying an additional 18,169 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) is a closed-end investment fund managed by BNY Mellon Investment Adviser, Inc. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, cities, counties, and other public entities. The fund focuses on municipal bonds that finance infrastructure and related public projects, including transportation systems, utilities, schools, hospitals, and other essential facilities.