DWS Strategic Municipal Income Trust (NYSE:KSM) Short Interest Down 40.0% in August

DWS Strategic Municipal Income Trust (NYSE:KSM) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 11,400 shares, a decline of 40.0% from the August 15th total of 19,000 shares. Based on an average trading volume of 30,200 shares, the short-interest ratio is currently 0.4 days.

Shares of NYSE:KSM traded down $0.01 during mid-day trading on Monday, reaching $12.60. The stock had a trading volume of 21,147 shares, compared to its average volume of 25,175. DWS Strategic Municipal Income Trust has a 1 year low of $10.45 and a 1 year high of $12.99. The business’s 50 day moving average price is $12.62 and its 200 day moving average price is $12.31.

The company also recently announced a monthly dividend, which will be paid on Thursday, September 30th. Investors of record on Monday, September 20th will be given a $0.045 dividend. The ex-dividend date of this dividend is Friday, September 17th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.29%.

Several large investors have recently bought and sold shares of the stock. UBS Group AG lifted its position in shares of DWS Strategic Municipal Income Trust by 20.7% in the first quarter. UBS Group AG now owns 5,391 shares of the investment management company’s stock worth $64,000 after buying an additional 925 shares in the last quarter. Integrated Capital Management Inc. lifted its position in shares of DWS Strategic Municipal Income Trust by 10.7% in the second quarter. Integrated Capital Management Inc. now owns 12,774 shares of the investment management company’s stock worth $160,000 after buying an additional 1,230 shares in the last quarter. Wakefield Asset Management LLLP lifted its position in shares of DWS Strategic Municipal Income Trust by 3.2% in the first quarter. Wakefield Asset Management LLLP now owns 44,345 shares of the investment management company’s stock worth $525,000 after buying an additional 1,357 shares in the last quarter. Sit Investment Associates Inc. lifted its position in shares of DWS Strategic Municipal Income Trust by 2.1% in the first quarter. Sit Investment Associates Inc. now owns 126,773 shares of the investment management company’s stock worth $1,500,000 after buying an additional 2,562 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of DWS Strategic Municipal Income Trust by 5.2% in the second quarter. Park Avenue Securities LLC now owns 71,839 shares of the investment management company’s stock worth $904,000 after buying an additional 3,551 shares in the last quarter. Institutional investors own 17.82% of the company’s stock.

DWS Strategic Municipal Income Trust Company Profile

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.

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