Short Interest in DWS Municipal Income Trust (NYSE:KTF) Rises By 123.8%

DWS Municipal Income Trust (NYSE:KTF) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 63,533 shares, an increase of 123.8% from the July 30th total of 28,387 shares. Based on an average daily volume of 229,707 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KTF. Readystate Asset Management LP bought a new stake in DWS Municipal Income Trust during the second quarter valued at $138,000. Concurrent Investment Advisors LLC boosted its position in shares of DWS Municipal Income Trust by 50.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 77,850 shares of the investment management company’s stock valued at $716,000 after acquiring an additional 26,200 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of DWS Municipal Income Trust during the second quarter worth about $110,000. Northwestern Mutual Wealth Management Co. increased its position in shares of DWS Municipal Income Trust by 44.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,214 shares of the investment management company’s stock worth $66,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of DWS Municipal Income Trust by 21.3% in the second quarter. Wedbush Securities Inc. now owns 93,726 shares of the investment management company’s stock worth $862,000 after purchasing an additional 16,482 shares during the last quarter. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Down 0.1%

Shares of NYSE:KTF opened at $8.79 on Monday. The company has a 50 day moving average of $9.03 and a 200 day moving average of $9.08. DWS Municipal Income Trust has a 12 month low of $8.73 and a 12 month high of $9.37.

DWS Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Wednesday, August 19th.

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.