DWS Municipal Income Trust (NYSE:KTF) Sees Significant Increase in Short Interest

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 280,600 shares, an increase of 24.5% from the April 30th total of 225,400 shares. Based on an average daily trading volume, of 103,500 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.7% of the company's stock are sold short.

DWS Municipal Income Trust Trading Up 0.1%

NYSE KTF traded up $0.01 on Thursday, hitting $8.89. 153,414 shares of the stock were exchanged, compared to its average volume of 133,650. The company has a 50-day moving average price of $9.05 and a 200-day moving average price of $9.42. DWS Municipal Income Trust has a fifty-two week low of $8.75 and a fifty-two week high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a dividend of $0.061 per share. The ex-dividend date was Monday, May 19th. This represents a $0.73 annualized dividend and a dividend yield of 8.23%.

Hedge Funds Weigh In On DWS Municipal Income Trust

Institutional investors have recently bought and sold shares of the company. 1607 Capital Partners LLC grew its holdings in DWS Municipal Income Trust by 4.8% during the first quarter. 1607 Capital Partners LLC now owns 1,476,480 shares of the investment management company's stock worth $13,849,000 after acquiring an additional 67,001 shares during the period. Sit Investment Associates Inc. raised its holdings in DWS Municipal Income Trust by 3.4% in the 1st quarter. Sit Investment Associates Inc. now owns 9,279,098 shares of the investment management company's stock valued at $87,038,000 after acquiring an additional 301,804 shares during the last quarter. Nuveen LLC purchased a new stake in DWS Municipal Income Trust in the first quarter valued at approximately $741,000. Invesco Ltd. lifted its holdings in shares of DWS Municipal Income Trust by 5.3% during the 1st quarter. Invesco Ltd. now owns 24,999 shares of the investment management company's stock valued at $234,000 after acquiring an additional 1,263 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of DWS Municipal Income Trust in the first quarter valued at about $134,000. 57.71% of the stock is owned by institutional investors and hedge funds.

About DWS Municipal Income Trust

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.