DWS Municipal Income Trust (NYSE:KTF) Short Interest Down 16.7% in February

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 84,200 shares, a decrease of 16.7% from the February 13th total of 101,100 shares. Based on an average daily trading volume, of 106,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

DWS Municipal Income Trust Price Performance

KTF traded down $0.03 during trading on Tuesday, reaching $9.37. 95,690 shares of the company were exchanged, compared to its average volume of 136,356. The firm has a 50 day moving average of $9.55 and a 200 day moving average of $9.75. DWS Municipal Income Trust has a 52 week low of $8.92 and a 52 week high of $10.22.

DWS Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.73 dividend on an annualized basis and a yield of 7.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. grew its stake in DWS Municipal Income Trust by 5.2% during the 4th quarter. Sit Investment Associates Inc. now owns 8,977,294 shares of the investment management company’s stock worth $84,835,000 after buying an additional 439,876 shares during the last quarter. 1607 Capital Partners LLC boosted its position in DWS Municipal Income Trust by 5.4% during the 4th quarter. 1607 Capital Partners LLC now owns 1,409,479 shares of the investment management company’s stock worth $13,320,000 after acquiring an additional 72,095 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in DWS Municipal Income Trust by 17.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company’s stock worth $5,390,000 after acquiring an additional 85,515 shares during the period. Bulldog Investors LLP boosted its position in DWS Municipal Income Trust by 97.5% during the 4th quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company’s stock worth $4,296,000 after acquiring an additional 224,466 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in DWS Municipal Income Trust by 83.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company’s stock worth $2,767,000 after acquiring an additional 132,813 shares during the period. 57.71% of the stock is currently owned by institutional investors.

About DWS Municipal Income Trust

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.