DWS Municipal Income Trust (NYSE:KTF) Short Interest Update

DWS Municipal Income Trust (NYSE:KTF) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 131,100 shares, a growth of 70.7% from the March 15th total of 76,800 shares. Based on an average trading volume of 105,100 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the shares of the stock are sold short.

DWS Municipal Income Trust Trading Up 0.1 %

Shares of KTF stock traded up $0.01 on Thursday, reaching $8.96. The company’s stock had a trading volume of 22,116 shares, compared to its average volume of 102,885. The stock’s 50 day simple moving average is $9.40 and its 200-day simple moving average is $9.64. DWS Municipal Income Trust has a 12-month low of $8.75 and a 12-month high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 21st will be issued a dividend of $0.061 per share. The ex-dividend date is Monday, April 21st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.17%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Navigoe LLC bought a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $63,000. Elequin Capital LP bought a new stake in DWS Municipal Income Trust during the 4th quarter valued at $68,000. Optimum Investment Advisors bought a new stake in DWS Municipal Income Trust in the 4th quarter worth $76,000. Mariner LLC purchased a new position in shares of DWS Municipal Income Trust in the fourth quarter valued at about $102,000. Finally, CX Institutional bought a new position in shares of DWS Municipal Income Trust during the first quarter valued at about $107,000. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Company Profile

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.