DSM 10% Owner Saba Capital Management, L.P. Buys $111K of Stock
Key Points
- Saba Capital Management now owns 5,456,689 shares of BNY Mellon Strategic Municipal Bond Fund after this purchase.
- The stock closed at $5.43 on the day of the trade and is recently trading around $5.49, which is up about 1.1%.
- In recent insider activity, Saba Capital Management has made several purchases totaling over 65,000 shares in October.
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On October 26, 2026, Saba Capital Management, L.P. bought 20,616 shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) for $111,326. This transaction was reported in a Form 4 filing with the SEC. The purchase price was $5.40 per share, slightly above the closing price of $5.43 on the same day.
DSM
BNY Mellon Strategic Municipal Bond Fund, Inc.
Inside Saba Capital Management's Trade
Saba Capital Management's recent purchase increased its stake by about 0.38%, bringing its total ownership to 5,456,689 shares. This trade shows Saba's ongoing confidence in the fund, which primarily invests in investment-grade municipal bonds.
Other Institutional Activity in DSM
Saba Capital Management, L.P. also holds 5,179,441 shares worth approximately $28.4 million as of June 30, 2026. Other funds like Bulldog Investors, LLP, and Pathstone Holdings, LLC have reduced their stakes, while SIT Investment Associates Inc and RiverNorth Capital Management, LLC have increased theirs by 132,077 and 260,185 shares, respectively.
BNY Mellon Strategic Municipal Bond Fund, Inc. Stock Up 1.1%
After the purchase, DSM shares are trading recently around $5.49, which is about 1.1% above the closing price of $5.43 on October 26. The stock is currently above its 50-day moving average of $5.46 but below its 200-day average of $5.91. Over the past year, shares have traded between $5.07 and $6.30.
Recent Earnings
For the trailing twelve months, BNY Mellon Strategic Municipal Bond Fund reported revenue of $23.1 million and earnings per share of $0.64. The fund has a return on equity of 10.0%. The next earnings report is expected in early 2027.
Insider Buying and Selling at BNY Mellon Strategic Municipal Bond Fund, Inc.
In addition to this recent purchase, Saba Capital Management made two additional buys earlier in October, acquiring 14,573 shares on October 20 and 20,575 shares on October 21, both at $5.32 each. This shows a consistent trend of insider buying.
About BNY Mellon Strategic Municipal Bond Fund, Inc.
BNY Mellon Strategic Municipal Bond Fund, Inc. is a closed-end mutual fund that focuses on investment-grade municipal bonds in the U.S. The fund aims to provide tax-exempt income and typically invests in bonds with a weighted average maturity of more than 10 years.
Bottom Line
Investors should watch for further insider trades and upcoming earnings reports. The recent purchase by Saba Capital Management reflects confidence in the fund's strategy and market position.
Related Filing Alerts
Source: Saba Capital Management, L.P.'s Form 4 filing on $DSM (Oct 26, 2026). Written by software, not financial advice. How we make alerts