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

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 187,700 shares, a decrease of 33.1% from the May 15th total of 280,600 shares. Approximately 0.5% of the company's shares are short sold. Based on an average daily trading volume, of 106,300 shares, the short-interest ratio is presently 1.8 days.

DWS Municipal Income Trust Stock Performance

Shares of DWS Municipal Income Trust stock traded down $0.10 on Friday, hitting $8.75. 133,086 shares of the company's stock traded hands, compared to its average volume of 134,542. The firm's 50-day moving average price is $8.97 and its two-hundred day moving average price is $9.34. DWS Municipal Income Trust has a one year low of $8.72 and a one year high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be paid a $0.061 dividend. This represents a $0.73 annualized dividend and a yield of 8.37%. The ex-dividend date of this dividend is Friday, June 20th.

Institutional Trading of DWS Municipal Income Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $1,844,000. Noble Wealth Management PBC acquired a new position in DWS Municipal Income Trust in the fourth quarter valued at about $710,000. StoneX Group Inc. bought a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth about $700,000. Orion Portfolio Solutions LLC acquired a new stake in shares of DWS Municipal Income Trust during the fourth quarter worth about $376,000. Finally, 1607 Capital Partners LLC raised its position in shares of DWS Municipal Income Trust by 5.4% during the fourth quarter. 1607 Capital Partners LLC now owns 1,409,479 shares of the investment management company's stock worth $13,320,000 after purchasing an additional 72,095 shares during the period. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Company Profile

Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax.