DWS Municipal Income Trust (NYSE:KTF) Short Interest Up 223.1% in February

Key Points

• Short interest in DWS Municipal Income Trust surged by 223.1% in February to 39,563 shares as of Feb. 27 (from 12,246 on Feb. 12), though it still represents only about 0.1% of shares outstanding and a days-to-cover of 0.5.
• The fund declared a monthly dividend of $0.061 per share payable Mar. 31 to holders of record Mar. 20, implying an annualized yield of 8.0%.
• Shares traded at $9.16 (down $0.02) with 50- and 200-day moving averages near $9.14 and $9.13 and a one-year range of $8.48–$9.50, while institutional investors own about 57.7% of the stock.

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 39,563 shares, a growth of 223.1% from the February 12th total of 12,246 shares. Based on an average daily volume of 82,765 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 82,765 shares, the days-to-cover ratio is presently 0.5 days.

DWS Municipal Income Trust Stock Performance

Shares of DWS Municipal Income Trust stock traded down $0.02 on Wednesday, reaching $9.16. 71,501 shares of the stock were exchanged, compared to its average volume of 103,811. The firm's 50 day moving average is $9.14 and its 200-day moving average is $9.13. DWS Municipal Income Trust has a one year low of $8.48 and a one year high of $9.50.

DWS Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Friday, March 20th.

Institutional Trading of DWS Municipal Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sit Investment Associates Inc. boosted its position in DWS Municipal Income Trust by 0.5% during the 4th 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 during the period. Karpus Management Inc. grew its stake in shares of DWS Municipal Income Trust by 28.9% in the second quarter. Karpus Management Inc. now owns 3,057,936 shares of the investment management company's stock worth $27,032,000 after purchasing an additional 684,776 shares during the last quarter. LPL Financial LLC boosted its holdings in DWS Municipal Income Trust by 11.7% in the fourth quarter. LPL Financial LLC now owns 553,077 shares of the investment management company's stock valued at $5,027,000 after acquiring an additional 58,031 shares during the last quarter. Gridiron Partners LLC increased its position in DWS Municipal Income Trust by 3,970.6% during the 3rd quarter. Gridiron Partners LLC now owns 425,178 shares of the investment management company's stock valued at $39,000 after purchasing an additional 414,733 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at $2,973,000. Institutional investors own 57.71% of the company's stock.

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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