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In recent transactions reported to the SEC, Saba Capital Management, L.P., led by Boaz Weinstein, acquired shares of BNY Mellon (NYSE:BK) Strategic Municipal Bond Fund, Inc. (NYSE:DSM). The fund, currently trading at $5.51, has shown significant price volatility this year, with a YTD return of -4.48% and moving within a 52-week range of $5.28 to $6.38. On April 15, 2025, Saba Capital purchased 5,267 shares at a price of $5.48 per share, totaling approximately $28,863. Following this acquisition, Saba Capital Management holds a total of 5,146,241 shares in the fund. This transaction highlights Saba Capital’s continued investment in BNY Mellon, reinforcing its position as a significant stakeholder. The fund offers a 3.94% dividend yield and maintains a relatively moderate beta of 0.64. For more detailed insights and analysis on DSM’s performance metrics, visit InvestingPro, which features additional exclusive financial indicators and investment tips.
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