DWS Municipal Income Trust (NYSE:KTF) Short Interest Up 123.8% in August

Key Points

• Short interest surged 123.8% in August to 63,533 shares, though only about 0.2% of KTF’s shares are sold short and the short-interest ratio remains low at 0.3 days.
• KTF shares opened at $8.79, near the bottom of their 52-week range of $8.73 to $9.37; the 50-day and 200-day moving averages were $9.03 and $9.08, respectively.
• The trust announced a monthly dividend of $0.061 per share, implying an annualized yield of about 8.3%; institutional investors own 57.71% of the shares.

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 63,533 shares, a growth of 123.8% from the July 30th total of 28,387 shares. Approximately 0.2% of the company's shares are sold short. Based on an average trading volume of 229,707 shares, the short-interest ratio is currently 0.3 days.

DWS Municipal Income Trust Price Performance

Shares of DWS Municipal Income Trust stock opened at $8.79 on Friday. DWS Municipal Income Trust has a fifty-two week low of $8.73 and a fifty-two week high of $9.37. The business's fifty day moving average is $9.03 and its two-hundred day moving average is $9.08.

DWS Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be given a dividend of $0.061 per share. The ex-dividend date is Wednesday, August 19th. This represents a c) annualized dividend and a yield of 8.3%.

Institutional Trading of DWS Municipal Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in shares of DWS Municipal Income Trust during the 4th quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of DWS Municipal Income Trust by 44.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,214 shares of the investment management company's stock worth $66,000 after acquiring an additional 2,215 shares during the last quarter. GM Advisory Group LLC purchased a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $93,000. Worth Asset Management LLC purchased a new stake in DWS Municipal Income Trust in the second quarter valued at approximately $101,000. Finally, Susquehanna International Group LLP purchased a new stake in DWS Municipal Income Trust in the second quarter valued at approximately $110,000. Hedge funds and other 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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