Short Interest in DWS Municipal Income Trust (NYSE:KTF) Rises By 223.1%

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 39,563 shares, an increase of 223.1% from the February 12th total of 12,246 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 82,765 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 82,765 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

DWS Municipal Income Trust Stock Performance

Shares of DWS Municipal Income Trust stock traded down $0.04 during trading on Thursday, reaching $9.11. The stock had a trading volume of 148,708 shares, compared to its average volume of 85,153. The stock has a fifty day moving average price of $9.14 and a two-hundred day moving average price of $9.13. DWS Municipal Income Trust has a 52 week low of $8.48 and a 52 week high of $9.50.

DWS Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a $0.061 dividend. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Friday, March 20th.

Hedge Funds Weigh In On DWS Municipal Income Trust

A number of large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in shares of DWS Municipal Income Trust during the 4th quarter worth approximately $25,000. Gridiron Partners LLC boosted its holdings in DWS Municipal Income Trust by 3,970.6% during the third quarter. Gridiron Partners LLC now owns 425,178 shares of the investment management company’s stock worth $39,000 after purchasing an additional 414,733 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new position in DWS Municipal Income Trust in the fourth quarter valued at $89,000. GM Advisory Group LLC bought a new position in DWS Municipal Income Trust in the fourth quarter valued at $93,000. Finally, Thrivent Financial for Lutherans acquired a new stake in DWS Municipal Income Trust in the 3rd quarter valued at $107,000. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Company Profile

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.