DWS Municipal Income Trust (NYSE:KTF) Stock Short Interest Report for September

Key Points

• Short interest more than doubled in September, rising 123.7% to 246,967 shares, equivalent to 0.6% of shares outstanding and 0.6 days to cover.
• Institutional investors own 57.71% of KTF, with several firms increasing their holdings and Bank of America acquiring a new $6.8 million stake.
• Shares opened at $8.03, near their 52-week low, while the fund declared a monthly dividend of $0.061 per share, representing an annualized yield of approximately 9.1%.

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 246,967 shares, an increase of 123.7% from the September 15th total of 110,407 shares. Approximately 0.6% of the company's shares are short sold. Based on an average daily volume of 431,819 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of DWS Municipal Income Trust

A number of large investors have recently made changes to their positions in KTF. Bank of America Corp DE acquired a new stake in DWS Municipal Income Trust during the 2nd quarter worth $6,781,000. NewEdge Advisors LLC grew its stake in DWS Municipal Income Trust by 43.1% in the first quarter. NewEdge Advisors LLC now owns 97,961 shares of the investment management company's stock valued at $891,000 after acquiring an additional 29,488 shares during the period. Wedbush Securities Inc. increased its holdings in shares of DWS Municipal Income Trust by 21.3% in the second quarter. Wedbush Securities Inc. now owns 93,726 shares of the investment management company's stock worth $862,000 after acquiring an additional 16,482 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of DWS Municipal Income Trust by 50.7% in the second quarter. Concurrent Investment Advisors LLC now owns 77,850 shares of the investment management company's stock worth $716,000 after acquiring an additional 26,200 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of DWS Municipal Income Trust by 16.3% in the first quarter. Royal Bank of Canada now owns 70,959 shares of the investment management company's stock worth $646,000 after acquiring an additional 9,965 shares in the last quarter. Institutional investors own 57.71% of the company's stock.

DWS Municipal Income Trust Stock Down 0.6%

Shares of NYSE:KTF opened at $8.03 on Tuesday. DWS Municipal Income Trust has a 52 week low of $7.95 and a 52 week high of $9.37. The company has a 50 day moving average price of $8.55 and a two-hundred day moving average price of $8.90.

DWS Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.0610 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Wednesday, October 21st.

DWS Municipal Income Trust Company Profile

DWS Municipal Income Trust NYSE: KTF is a closed-end investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities and other public authorities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other municipal debt obligations used to finance public infrastructure and essential services. Income and investment results can be affected by changes in interest rates, credit conditions, municipal finances and developments in the communities or projects supporting the securities.

DWS Municipal Income Trust is advised by DWS Investment Management Americas, Inc, part of the DWS asset-management organization.

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