BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Shorted: Short Interest Down 88.5% in October

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,613 shares, a decrease of 88.5% from the September 30th total of 31,462 shares. Based on an average daily volume of 118,477 shares, the short-interest ratio is presently 0.0 days.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 1.0%

Shares of NYSE:DMB traded up $0.10 during trading on Tuesday, hitting $10.17. 34,786 shares of the company were exchanged, compared to its average volume of 65,216. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.19 and a 52-week high of $11.28. The stock has a 50 day moving average of $9.95 and a 200 day moving average of $10.67.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 19th will be given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, October 19th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Triumph Capital Management raised its holdings in 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 buying an additional 1,275 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the first quarter worth $125,000. Readystate Asset Management LP bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at $163,000. Janney Montgomery Scott LLC boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock valued at $263,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 14.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 247,088 shares of the company’s stock worth $2,728,000 after purchasing an additional 31,290 shares during the last quarter.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc (NYSE: DMB) is a closed-end investment fund that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, cities, and other public entities in the United States.

The fund focuses on municipal bonds that finance infrastructure-related projects and public services. These investments may support areas such as transportation, utilities, schools, hospitals, housing, and other essential community facilities.