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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 42,600 shares, a decline of 19.2% from the March 15th total of 52,700 shares. Based on an average daily volume of 34,200 shares, the days-to-cover ratio is currently 1.2 days.

Large investors have recently made changes to their positions in the stock. Oder Investment Management LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $34,000. Syverson Strege & Co purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $50,000. Patriot Financial Group Insurance Agency LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $105,000. International Assets Investment Management LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $141,000. Finally, Clarus Group Inc. grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 373.8% in the first quarter. Clarus Group Inc. now owns 100,000 shares of the company’s stock worth $259,000 after acquiring an additional 78,894 shares in the last quarter.

DMB opened at $14.74 on Monday. The company has a fifty day moving average price of $14.18 and a 200-day moving average price of $14.04. BNY Mellon Municipal Bond Infrastructure Fund has a one year low of $11.79 and a one year high of $15.08.

The company also recently declared a monthly dividend, which will be paid on Monday, May 3rd. Stockholders of record on Tuesday, April 20th will be given a dividend of $0.053 per share. The ex-dividend date of this dividend is Monday, April 19th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.31%.

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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