Short Interest in DWS Municipal Income Trust (NYSE:KTF) Increases By 52.9%

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 121,900 shares, an increase of 52.9% from the October 31st total of 79,700 shares. Based on an average daily trading volume, of 220,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE purchased a new stake in DWS Municipal Income Trust during the 3rd quarter valued at $80,000. Rothschild Investment LLC bought a new position in DWS Municipal Income Trust in the second quarter valued at about $848,000. Hennion & Walsh Asset Management Inc. boosted its position in DWS Municipal Income Trust by 28.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 484,836 shares of the investment management company’s stock worth $4,834,000 after purchasing an additional 106,180 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of DWS Municipal Income Trust during the 2nd quarter valued at about $1,420,000. Finally, Logan Stone Capital LLC increased its position in shares of DWS Municipal Income Trust by 17.7% during the 2nd quarter. Logan Stone Capital LLC now owns 653,273 shares of the investment management company’s stock valued at $6,186,000 after purchasing an additional 98,334 shares during the last quarter. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Stock Up 0.6 %

Shares of DWS Municipal Income Trust stock traded up $0.06 on Friday, reaching $10.06. The company’s stock had a trading volume of 99,173 shares, compared to its average volume of 139,038. DWS Municipal Income Trust has a 52 week low of $8.46 and a 52 week high of $10.22. The firm’s fifty day simple moving average is $9.93 and its two-hundred day simple moving average is $9.74.

DWS Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 20th will be paid a $0.061 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.28%.

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.