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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 55,800 shares, a growth of 102.9% from the February 13th total of 27,500 shares. Based on an average daily trading volume, of 67,900 shares, the days-to-cover ratio is presently 0.8 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

DMB stock traded up $0.02 on Friday, reaching $10.64. The company’s stock had a trading volume of 41,121 shares, compared to its average volume of 66,332. BNY Mellon Municipal Bond Infrastructure Fund has a 52 week low of $9.93 and a 52 week high of $11.28. The firm has a fifty day moving average of $10.57 and a two-hundred day moving average of $10.75.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Tuesday, March 18th.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Saba Capital Management L.P. boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 7.9% during the 4th quarter. Saba Capital Management L.P. now owns 1,225,212 shares of the company’s stock valued at $12,681,000 after purchasing an additional 90,152 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 56.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock valued at $8,890,000 after purchasing an additional 309,335 shares in the last quarter. Rivernorth Capital Management LLC lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the 3rd quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock valued at $7,036,000 after acquiring an additional 615,934 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 133.2% during the 3rd quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock valued at $4,340,000 after acquiring an additional 222,114 shares during the last quarter. Finally, Logan Stone Capital LLC increased its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 10.8% in the fourth quarter. Logan Stone Capital LLC now owns 338,372 shares of the company’s stock worth $3,502,000 after acquiring an additional 33,059 shares during the last quarter.

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.