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

DWS Municipal Income Trust (NYSE:KTF) was the target 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 106,400 shares, the days-to-cover ratio is currently 0.8 days.

DWS Municipal Income Trust Stock Performance

DWS Municipal Income Trust stock traded up $0.00 during midday trading on Wednesday, reaching $9.38. The company’s stock had a trading volume of 140,359 shares, compared to its average volume of 136,709. The business has a 50-day moving average price of $9.54 and a 200-day moving average price 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 company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Thursday, March 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. lifted its position in shares of DWS Municipal Income Trust by 5.2% in 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 purchasing an additional 439,876 shares during the period. 1607 Capital Partners LLC grew its position in DWS Municipal Income Trust by 5.4% in the 4th quarter. 1607 Capital Partners LLC now owns 1,409,479 shares of the investment management company’s stock valued at $13,320,000 after purchasing an additional 72,095 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake 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 valued at $5,390,000 after purchasing an additional 85,515 shares in the last quarter. Bulldog Investors LLP raised its holdings in shares of DWS Municipal Income Trust by 97.5% in 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 last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of DWS Municipal Income Trust by 83.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company’s stock worth $2,767,000 after purchasing an additional 132,813 shares during the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.

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.