DWS Municipal Income Trust (NYSE:KTF) Short Interest Up 159.5% in July

DWS Municipal Income Trust (NYSE:KTF) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 20,500 shares, an increase of 159.5% from the July 15th total of 7,900 shares. Based on an average daily volume of 88,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KTF. Van ECK Associates Corp grew its position in DWS Municipal Income Trust by 14.7% in the fourth quarter. Van ECK Associates Corp now owns 299,354 shares of the investment management company’s stock valued at $2,661,000 after acquiring an additional 38,393 shares during the last quarter. Gridiron Partners LLC bought a new position in DWS Municipal Income Trust in the fourth quarter valued at about $136,000. Bulldog Investors LLP grew its position in DWS Municipal Income Trust by 172.0% in the fourth quarter. Bulldog Investors LLP now owns 1,306,877 shares of the investment management company’s stock valued at $11,618,000 after acquiring an additional 826,493 shares during the last quarter. Flow State Investments L.P. bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter worth about $161,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter worth about $549,000. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Down 0.4 %

KTF stock traded down $0.04 during midday trading on Thursday, reaching $9.74. The company had a trading volume of 125,969 shares, compared to its average volume of 107,116. The stock has a 50 day moving average price of $9.61 and a 200-day moving average price of $9.35. DWS Municipal Income Trust has a 1-year low of $7.40 and a 1-year high of $9.82.

DWS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be given a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date is Monday, August 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.