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

DWS Municipal Income Trust (NYSE:KTF) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 7,400 shares, a growth of 17.5% from the August 31st total of 6,300 shares. Based on an average daily trading volume, of 146,800 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On DWS Municipal Income Trust

Several institutional investors have recently bought and sold shares of the business. Dakota Wealth Management purchased a new stake in shares of DWS Municipal Income Trust during the 2nd quarter valued at about $95,000. Flow State Investments L.P. purchased a new position in shares of DWS Municipal Income Trust in the 4th quarter worth approximately $161,000. Integrated Capital Management Inc. boosted its holdings in shares of DWS Municipal Income Trust by 9.7% in the 2nd quarter. Integrated Capital Management Inc. now owns 20,357 shares of the investment management company’s stock worth $193,000 after purchasing an additional 1,792 shares during the period. Kingswood Wealth Advisors LLC bought a new position in shares of DWS Municipal Income Trust during the 2nd quarter valued at approximately $236,000. Finally, Livelsberger Financial Advisory purchased a new stake in DWS Municipal Income Trust during the 4th quarter valued at $549,000. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Up 0.9 %

Shares of KTF traded up $0.09 during mid-day trading on Monday, hitting $9.97. 141,738 shares of the stock were exchanged, compared to its average volume of 126,325. DWS Municipal Income Trust has a 52-week low of $7.40 and a 52-week high of $10.09. The firm has a 50-day moving average of $9.79 and a two-hundred day moving average of $9.54.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 19th will be paid a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend is Thursday, September 19th.

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.