Short Interest in DWS Municipal Income Trust (NYSE:KTF) Drops By 38.5%

DWS Municipal Income Trust (NYSE:KTF) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 28,387 shares, a decrease of 38.5% from the July 15th total of 46,133 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 284,054 shares, the short-interest ratio is presently 0.1 days.

DWS Municipal Income Trust Trading Down 0.7%

Shares of KTF stock opened at $8.88 on Thursday. The company has a 50 day moving average price of $9.08 and a 200-day moving average price of $9.10. DWS Municipal Income Trust has a 52 week low of $8.55 and a 52 week high of $9.37.

DWS Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a $0.061 dividend. The ex-dividend date is Wednesday, August 19th. This represents a c) annualized dividend and a yield of 8.2%.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in DWS Municipal Income Trust by 44.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,214 shares of the investment management company’s stock valued at $66,000 after buying an additional 2,215 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of DWS Municipal Income Trust by 21.3% in the 2nd quarter. Wedbush Securities Inc. now owns 93,726 shares of the investment management company’s stock worth $862,000 after buying an additional 16,482 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of DWS Municipal Income Trust in the 2nd quarter worth $6,781,000. Worth Asset Management LLC bought a new stake in shares of DWS Municipal Income Trust in the second quarter worth $101,000. Finally, NewEdge Advisors LLC increased its position in DWS Municipal Income Trust by 43.1% during the first quarter. NewEdge Advisors LLC now owns 97,961 shares of the investment management company’s stock valued at $891,000 after acquiring an additional 29,488 shares during the last quarter. Institutional investors 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.