DSM Stock Summary and Trading Ideas (Dreyfus Strategic Muni-Bond | NYSE:DSM)

The fund seeks to maximize current income exempt from federal income tax to the extent believed by Dreyfus to be consistent with the preservation of capital. In pursuing this goal, the fund invests at least 80% of its assets in municipal bonds. Under normal market conditions, the weighted average maturity of the fund’s portfolio is expected to exceed 10 years. Under normal market conditions, the fund invests at least 80% of its net assets in municipal bonds considered investment grade or the unrated equivalent as determined by Dreyfus. The fund also has issued auction-rate preferred stock (ARPS), a percentage of which remains outstanding from its initial public offering, and has invested the proceeds in a manner consistent with its investment objective. This, along with the fund’s participation in secondary inverse floater structures, has the effect of “leveraging” the portfolio, which can magnify gain and loss potential depending on market conditions. Over time, many of the fund’s older, higher yielding bonds have matured or were redeemed by their issuers. The fund has attempted to replace those bonds with investments consistent with the fund’s investment policies. The fund has also sought to upgrade the fund with newly issued bonds.

Dreyfus Strategic Muni-Bond trades on the NYSE stock market under the symbol DSM.

As of April 19, 2024, DSM stock price climbed to $5.58 with 111,816 million shares trading.

DSM has a beta of 0.68, meaning it tends to be less sensitive to market movements. DSM has a correlation of 0.34 to the broad based SPY ETF.

DSM has a market cap of $275.81 million. This is considered a Small Cap stock.

In the last 3 years, DSM stock traded as high as $8.59 and as low as $4.69.

DSM has underperformed the market in the last year with a return of +1.2%, while the SPY ETF gained +21.2%. In the last 3 month period, DSM fell short of the market, returning +0.2%, while SPY returned +3.0%. However, in the most recent 2 weeks DSM has outperformed the stock market by returning -2.1%, while SPY returned -4.5%.

DSM support price is $5.53 and resistance is $5.61 (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 DSM stock will trade within this expected range on the day.