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

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 71,202 shares, a growth of 80.0% from the February 26th total of 39,563 shares. Based on an average daily volume of 91,028 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

DWS Municipal Income Trust Trading Down 0.7%

Shares of NYSE KTF opened at $8.87 on Friday. DWS Municipal Income Trust has a 52 week low of $8.48 and a 52 week high of $9.50. The business’s 50 day moving average price is $9.13 and its 200 day moving average price is $9.15.

DWS Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a $0.061 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, March 20th.

Institutional Trading of DWS Municipal Income Trust

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

About DWS Municipal Income Trust

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.