DWS Municipal Income Trust (NYSE:KTF – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 59,600 shares, an increase of 705.4% from the September 15th total of 7,400 shares. Based on an average daily trading volume, of 177,200 shares, the days-to-cover ratio is currently 0.3 days.
DWS Municipal Income Trust Stock Performance
NYSE KTF opened at $10.06 on Friday. The stock’s 50-day moving average is $9.85 and its two-hundred day moving average is $9.60. DWS Municipal Income Trust has a fifty-two week low of $7.40 and a fifty-two week high of $10.09.
DWS Municipal Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend is Thursday, October 17th.
Hedge Funds Weigh In On DWS Municipal Income Trust
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.
Recommended Stories
- Five stocks we like better than DWS Municipal Income Trust
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Volatility in Applied Digital May Create an Entry Opportunity
- Investing in Commodities: What Are They? How to Invest in Them
- Delta’s Earnings Miss? Wall Street Calls It a Buy Opportunity
- 3 Best Fintech Stocks for a Portfolio Boost
- MercadoLibre Targets Double-Digit Upside with Argentina Boom
Receive News & Ratings for DWS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.