DWS Municipal Income Trust (NYSE:KTF) Short Interest Update

DWS Municipal Income Trust (NYSE:KTF) 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

A number of institutional investors have recently made changes to their positions in the business. Bulldog Investors LLP grew its position in DWS Municipal Income Trust by 172.0% during the fourth quarter. Bulldog Investors LLP now owns 1,306,877 shares of the investment management company’s stock worth $11,618,000 after buying an additional 826,493 shares in the last quarter. Robinson Capital Management LLC acquired a new stake in shares of DWS Municipal Income Trust during the 1st quarter worth approximately $2,972,000. City of London Investment Management Co. Ltd. increased its position in shares of DWS Municipal Income Trust by 205.8% during the first quarter. City of London Investment Management Co. Ltd. now owns 397,265 shares of the investment management company’s stock valued at $3,587,000 after purchasing an additional 267,336 shares during the period. HB Wealth Management LLC acquired a new position in shares of DWS Municipal Income Trust in the second quarter valued at $1,420,000. Finally, Logan Stone Capital LLC lifted its position in DWS Municipal Income Trust by 17.7% in the second quarter. Logan Stone Capital LLC now owns 653,273 shares of the investment management company’s stock worth $6,186,000 after purchasing an additional 98,334 shares during the period. 57.71% of the stock is currently owned by institutional investors.

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.