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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 86,300 shares, a growth of 54.7% from the February 28th total of 55,800 shares. Based on an average daily volume of 66,600 shares, the days-to-cover ratio is currently 1.3 days.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

BNY Mellon Municipal Bond Infrastructure Fund stock traded down $0.01 during trading on Friday, reaching $10.51. The company had a trading volume of 17,631 shares, compared to its average volume of 66,845. BNY Mellon Municipal Bond Infrastructure Fund has a 12-month low of $9.93 and a 12-month high of $11.28. The stock’s 50 day moving average price is $10.62 and its two-hundred day moving average price is $10.73.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.36 dividend on an annualized basis and a yield of 3.43%.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently modified their holdings of DMB. Saba Capital Management L.P. lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 7.9% in the fourth quarter. Saba Capital Management L.P. now owns 1,225,212 shares of the company’s stock worth $12,681,000 after acquiring an additional 90,152 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of 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 worth $8,890,000 after purchasing an additional 309,335 shares during the period. Rivernorth Capital Management LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the 3rd quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after purchasing an additional 615,934 shares during the last quarter. Logan Stone Capital LLC boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the 4th quarter. Logan Stone Capital LLC now owns 338,372 shares of the company’s stock valued at $3,502,000 after purchasing an additional 33,059 shares during the period. Finally, Whitebox Advisors LLC grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 79.4% during the 4th quarter. Whitebox Advisors LLC now owns 225,910 shares of the company’s stock worth $2,338,000 after buying an additional 100,000 shares during the last quarter.

About BNY Mellon Municipal Bond Infrastructure Fund

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.