Saba Capital Management, L.P. purchased $78K of DSM (indirect holdings)

DSM Firmenich AG stock fell 6.6% to CHF 90.5 after its Q3 2026 update. Sales rose 5% to €2.37 billion, and the full-year sales growth forecast was raised to 5%. However, the adjusted EBITDA margin slipped to 20.4% due to foreign exchange effects. The Discontinued Operations segment saw a 9% sales decline. The company's share repurchase program ended in October, removing a support factor. Swiss equities also faced pressure due to rising inflation.

Saba Capital Management, L.P. purchased 207,722 indirectly-held shares of BNY MELLON STRATEGIC MUNICIPAL BOND FUND, INC. (DSM) at an average of $5.28 ($5.26–$5.29, $1.10M total) across 3 trades over 2026-10-16 to 2026-10-19.

DSM-Firmenich said it will cut up to 1,000 jobs over 18 to 24 months after selling its Animal Nutrition & Health division to CVC Capital Partners for about €2.2 billion, plus up to €500 million earnout. The company expects €100 million annualized cost savings and a one-off €100 million charge. H1 2026 core units grew, while ANH sales fell and margins dropped.

BNY Mellon Strategic Municipal Bond Fund (NYSE: DSM) reported short interest of 115,543 shares as of May 15, up 148.2% from 46,560 on April 30. With average daily volume of 79,442, the short-interest ratio is 1.5 days; 0.2% of shares are sold short. DSM shares fell 0.5% to $6.12. The fund also declared a $0.03 monthly dividend (record June 11, pay June 30).

JOBSON CHARLES E purchased 236,116 shares of JOINT Corp (JYNT) at $6.65 ($1.57M total) on 2026-11-09.

Juniper Investment Company, LLC purchased 689,803 indirectly-held shares of Orthofix Medical Inc. (OFIX) at an average of $7.40 ($7.04–$7.41, $5.11M total) across 2 trades over 2026-11-09 to 2026-11-11. Filed jointly with Bartholdson John A. (10% owner) and MICHAS ALEXIS P (10% owner).