Short Interest in DWS Municipal Income Trust (NYSE:KTF) Expands By 104.6%

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 22,100 shares, an increase of 104.6% from the March 15th total of 10,800 shares. Based on an average daily volume of 114,500 shares, the days-to-cover ratio is presently 0.2 days.

DWS Municipal Income Trust Stock Performance

NYSE KTF traded down $0.06 during trading hours on Thursday, hitting $9.32. 264,949 shares of the company's stock traded hands, compared to its average volume of 114,692. DWS Municipal Income Trust has a 52 week low of $7.40 and a 52 week high of $9.68. The business's fifty day moving average price is $9.09 and its two-hundred day moving average price is $8.61.

DWS Municipal Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be given a dividend of $0.061 per share. This is a boost from DWS Municipal Income Trust's previous monthly dividend of $0.04. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date is Thursday, April 18th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KTF. Pathstone Holdings LLC bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at approximately $16,666,000. Bulldog Investors LLP increased its holdings in DWS Municipal Income Trust by 172.0% in the 4th quarter. Bulldog Investors LLP now owns 1,306,877 shares of the investment management company's stock valued at $11,618,000 after acquiring an additional 826,493 shares during the last quarter. Saba Capital Management L.P. lifted its stake in DWS Municipal Income Trust by 79.2% in the 3rd quarter. Saba Capital Management L.P. now owns 1,590,453 shares of the investment management company's stock worth $12,246,000 after purchasing an additional 702,779 shares in the last quarter. Advisor Partners II LLC bought a new position in shares of DWS Municipal Income Trust during the 3rd quarter valued at about $3,803,000. Finally, Logan Stone Capital LLC grew its position in shares of DWS Municipal Income Trust by 656.1% during the fourth quarter. Logan Stone Capital LLC now owns 219,239 shares of the investment management company's stock valued at $1,888,000 after purchasing an additional 190,242 shares in the last quarter. Institutional investors own 57.71% of the company's stock.

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.

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