DWS Municipal Income Trust (NYSE:KTF) Sees Large Decline in Short Interest

Key Points

• Short interest fell 38.5% to 28,387 shares as of July 31, representing about 0.1% of outstanding shares and just 0.1 days to cover.
• Institutional investors hold 57.71% of KTF, with several firms—including Bank of America and Focus Partners Wealth—recently establishing or increasing positions.
• The trust’s shares rose 0.1% to $8.95, while it declared a monthly dividend of $0.061 per share, representing an 8.2% annualized yield.

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

Institutional Trading of DWS Municipal Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. raised its position in shares of DWS Municipal Income Trust by 0.5% in the fourth quarter. Sit Investment Associates Inc. now owns 9,883,177 shares of the investment management company's stock worth $89,838,000 after buying an additional 51,032 shares in the last quarter. Bank of America Corp DE bought a new position in DWS Municipal Income Trust in the 2nd quarter worth about $6,781,000. LPL Financial LLC increased its stake in DWS Municipal Income Trust by 11.7% in the 4th quarter. LPL Financial LLC now owns 553,077 shares of the investment management company's stock worth $5,027,000 after acquiring an additional 58,031 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at about $2,973,000. Finally, Van ECK Associates Corp boosted its position in shares of DWS Municipal Income Trust by 14.9% during the 4th quarter. Van ECK Associates Corp now owns 229,185 shares of the investment management company's stock valued at $2,083,000 after acquiring an additional 29,752 shares during the last quarter. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Stock Up 0.1%

NYSE KTF traded up $0.01 during trading hours on Tuesday, hitting $8.95. The company had a trading volume of 142,497 shares, compared to its average volume of 140,796. DWS Municipal Income Trust has a 52 week low of $8.55 and a 52 week high of $9.37. The firm has a 50 day simple moving average of $9.09 and a 200 day simple moving average of $9.10.

DWS Municipal Income Trust Announces Dividend

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

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.

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