DWS Municipal Income Trust (NYSE:KTF - Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 246,500 shares, a growth of 88.0% from the March 31st total of 131,100 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 109,800 shares, the short-interest ratio is presently 2.2 days.
Institutional Trading of DWS Municipal Income Trust
Several hedge funds and other institutional investors have recently bought and sold shares of KTF. Navigoe LLC acquired a new position in DWS Municipal Income Trust during the fourth quarter worth approximately $63,000. Elequin Capital LP bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter worth approximately $68,000. Optimum Investment Advisors acquired a new stake in shares of DWS Municipal Income Trust in the fourth quarter valued at approximately $76,000. Mariner LLC bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at about $102,000. Finally, CX Institutional bought a new stake in shares of DWS Municipal Income Trust in the 1st quarter worth $107,000. 57.71% of the stock is owned by hedge funds and other institutional investors.
DWS Municipal Income Trust Trading Down 0.2 %
Shares of NYSE:KTF traded down $0.02 during midday trading on Friday, hitting $9.13. 7,216 shares of the stock were exchanged, compared to its average volume of 134,928. DWS Municipal Income Trust has a twelve month low of $8.75 and a twelve month high of $10.22. The company has a 50 day moving average price of $9.26 and a 200-day moving average price of $9.56.
DWS Municipal Income Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 21st were given a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date of this dividend was Monday, April 21st.
About DWS Municipal Income Trust
(
Get Free Report)
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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