BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Short Interest Update

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverbridge Partners LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 65.3% in the fourth quarter. Riverbridge Partners LLC now owns 284,913 shares of the company’s stock valued at $3,131,000 after buying an additional 112,566 shares during the last quarter. Sit Investment Associates Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth about $2,784,000. Bulldog Investors LLP grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.7% during the third quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock worth $3,552,000 after acquiring an additional 158,768 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 150,878 shares of the company’s stock valued at $1,658,000 after acquiring an additional 71,874 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4.7% during the fourth quarter. HighTower Advisors LLC now owns 46,364 shares of the company’s stock valued at $510,000 after acquiring an additional 2,068 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of DMB opened at $11.06 on Friday. The company has a 50 day moving average of $10.94 and a two-hundred day moving average of $10.92. BNY Mellon Municipal Bond Infrastructure Fund has a twelve month low of $9.85 and a twelve month high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 17th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

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.