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

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the target of a large decrease in short interest in 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 shares of the company are short sold. Based on an average trading volume of 106,300 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of DWS Municipal Income Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Sit Investment Associates Inc. grew its holdings in shares of DWS Municipal Income Trust by 5.2% in the 4th quarter. Sit Investment Associates Inc. now owns 8,977,294 shares of the investment management company's stock worth $84,835,000 after purchasing an additional 439,876 shares during the last quarter. Bulldog Investors LLP increased its stake in DWS Municipal Income Trust by 97.5% in the fourth quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company's stock valued at $4,296,000 after purchasing an additional 224,466 shares in the last quarter. Raymond James Financial Inc. acquired a new position in DWS Municipal Income Trust in the fourth quarter valued at about $1,844,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of DWS Municipal Income Trust by 83.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company's stock valued at $2,767,000 after buying an additional 132,813 shares during the period. Finally, Nuveen LLC bought a new stake in DWS Municipal Income Trust in the 1st quarter valued at approximately $741,000. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Performance

KTF traded up $0.02 on Tuesday, reaching $8.88. The company had a trading volume of 62,842 shares, compared to its average volume of 134,543. The company has a fifty day moving average of $8.97 and a 200-day moving average of $9.35. DWS Municipal Income Trust has a one year low of $8.75 and a one year high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be paid a $0.061 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.24%.

About DWS Municipal Income Trust

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.