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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was the recipient of a large growth in short interest in 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 trading volume, of 66,600 shares, the short-interest ratio is presently 1.3 days.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

DMB traded down $0.01 during trading on Friday, reaching $10.51. The stock had a trading volume of 17,631 shares, compared to its average volume of 66,845. The stock has a 50 day moving average of $10.62 and a two-hundred day moving average of $10.73. BNY Mellon Municipal Bond Infrastructure Fund has a 1-year low of $9.93 and a 1-year high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

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

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of hedge funds have recently modified their holdings of the stock. Elequin Capital LP acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter worth approximately $25,000. Saba Capital Management L.P. grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.9% during the fourth quarter. Saba Capital Management L.P. now owns 1,225,212 shares of the company’s stock valued at $12,681,000 after buying an additional 90,152 shares in the last quarter. Nomura Holdings Inc. raised its position in BNY Mellon Municipal Bond Infrastructure Fund by 143.6% during the fourth quarter. Nomura Holdings Inc. now owns 27,900 shares of the company’s stock valued at $289,000 after buying an additional 16,448 shares during the period. Logan Stone Capital LLC lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% in the 4th 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 in the last quarter. Finally, Bank of America Corp DE grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 11.7% during the 4th quarter. Bank of America Corp DE now owns 63,528 shares of the company’s stock valued at $658,000 after acquiring an additional 6,650 shares in 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.