DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 280,600 shares, a growth of 24.5% from the April 30th total of 225,400 shares. Currently, 0.7% of the company's shares are short sold. Based on an average trading volume of 103,500 shares, the short-interest ratio is currently 2.7 days.
DWS Municipal Income Trust Price Performance
Shares of DWS Municipal Income Trust stock traded down $0.05 on Friday, reaching $8.84. The company had a trading volume of 80,735 shares, compared to its average volume of 133,952. The firm's 50 day moving average price is $9.03 and its two-hundred day moving average price is $9.41. DWS Municipal Income Trust has a 52-week low of $8.75 and a 52-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. Investors of record on Monday, May 19th were paid a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a yield of 8.28%. The ex-dividend date was Monday, May 19th.
Institutional Investors Weigh In On DWS Municipal Income Trust
Several large investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. increased its position in shares of 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 purchasing an additional 301,804 shares during the last quarter. 1607 Capital Partners LLC increased its position in shares of DWS Municipal Income Trust by 4.8% in the 1st quarter. 1607 Capital Partners LLC now owns 1,476,480 shares of the investment management company's stock valued at $13,849,000 after purchasing an additional 67,001 shares during the last quarter. Bulldog Investors LLP increased its position in shares of DWS Municipal Income Trust by 97.5% in the 4th quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company's stock valued at $4,296,000 after purchasing an additional 224,466 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of DWS Municipal Income Trust by 83.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company's stock valued at $2,767,000 after purchasing an additional 132,813 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at approximately $1,844,000. 57.71% of the stock is owned by hedge funds and other institutional investors.
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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