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%.
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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