DWS Municipal Income Trust (NYSE:KTF – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 17,000 shares, a drop of 23.1% from the March 31st total of 22,100 shares. Based on an average trading volume of 112,800 shares, the days-to-cover ratio is presently 0.2 days.
DWS Municipal Income Trust Trading Up 0.1 %
NYSE KTF traded up $0.01 during trading on Friday, reaching $9.28. 56,735 shares of the company’s stock were exchanged, compared to its average volume of 125,208. DWS Municipal Income Trust has a fifty-two week low of $7.40 and a fifty-two week high of $9.68. The company’s fifty day simple moving average is $9.16 and its 200-day simple moving average is $8.74.
DWS Municipal Income Trust Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be paid a dividend of $0.061 per share. The ex-dividend date is Thursday, April 18th. This is an increase from DWS Municipal Income Trust’s previous monthly dividend of $0.04. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.89%.
Institutional Investors Weigh In On DWS Municipal Income Trust
DWS Municipal Income Trust Company Profile
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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