DMB Stock Summary and Trading Ideas (Dreyfus Muni Bond Infrastructure | NYSE:DMB)

The fund seeks to provide as high a level of current income exempt from regular federal income tax as is consistent with the preservation of capital .The fund’s portfolio is composed principally of investments that finance the development, support, or improvement of America’s infrastructure. The fund pursues its investment objective normally by investing at least 80% of its Managed Assets in municipal bonds issued to finance infrastructure projects in the United States. Also, under normal circumstances, the fund will invest at least 50% of its Managed Assets in investment grade municipal bonds, meaning that up to 50% of Managed Assets can be invested in below investment grade municipal bonds. Projects in which the fund may invest include (but are not limited to) those in the transportation, energy and utilities, social infrastructure, and water and environmental sectors The fund focuses on identifying undervalued sectors and securities and minimize the use of interest rate forecasting. The Fund selects municipal bonds using fundamental credit analysis to estimate the relative value and attractiveness of various sectors and securities and to exploit pricing inefficiencies. The fund employs leverage by issuing preferred stock and participating in tender option bond programs. Leverage has the effect of “leveraging” the portfolio, which can magnify gain and loss potential depending on market conditions

Dreyfus Muni Bond Infrastructure trades on the NYSE stock market under the symbol DMB.

As of April 24, 2024, DMB stock price declined to $10.03 with 42,333 million shares trading.

DMB has a beta of 0.71, meaning it tends to be less sensitive to market movements. DMB has a correlation of 0.40 to the broad based SPY ETF.

DMB has a market cap of $184.61 million. This is considered a Micro Cap stock.

In the last 3 years, DMB stock traded as high as $17.07 and as low as $8.94.

DMB has underperformed the market in the last year with a return of -4.6%, while the SPY ETF gained +24.2%. In the last 3 month period, DMB fell short of the market, returning +0.2%, while SPY returned +4.6%. However, in the most recent 2 weeks DMB has outperformed the stock market by returning -1.6%, while SPY returned -2.7%.

DMB support price is $9.99 and resistance is $10.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DMB stock will trade within this expected range on the day.