DWS Municipal Income Trust (NYSE:KTF) Sees Significant Decline in Short Interest

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 85,900 shares, a decline of 29.5% from the November 15th total of 121,900 shares. Based on an average daily volume of 182,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On DWS Municipal Income Trust

Large investors have recently bought and sold shares of the company. US Bancorp DE purchased a new position in DWS Municipal Income Trust in the 3rd quarter valued at $80,000. Rothschild Investment LLC purchased a new stake in DWS Municipal Income Trust in the 2nd quarter valued at about $848,000. Hennion & Walsh Asset Management Inc. grew its position in DWS Municipal Income Trust by 28.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 484,836 shares of the investment management company’s stock valued at $4,834,000 after acquiring an additional 106,180 shares in the last quarter. HB Wealth Management LLC acquired a new position in DWS Municipal Income Trust in the 2nd quarter valued at about $1,420,000. Finally, Logan Stone Capital LLC grew its position in DWS Municipal Income Trust by 17.7% in the 2nd quarter. Logan Stone Capital LLC now owns 653,273 shares of the investment management company’s stock valued at $6,186,000 after acquiring an additional 98,334 shares in the last quarter. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

DWS Municipal Income Trust stock traded down $0.11 during trading hours on Friday, reaching $9.85. The stock had a trading volume of 132,124 shares, compared to its average volume of 137,740. The business’s 50 day moving average price is $9.95 and its 200-day moving average price is $9.78. DWS Municipal Income Trust has a 52 week low of $8.71 and a 52 week high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.061 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.73 annualized dividend and a dividend yield of 7.43%.

About DWS Municipal Income Trust

Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax.