DWS Municipal Income Trust (NYSE:KTF) Short Interest Update

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 187,700 shares, a decline of 33.1% from the May 15th total of 280,600 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 106,300 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of DWS Municipal Income Trust

A number of large investors have recently modified their holdings of KTF. Noble Wealth Management PBC purchased a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $710,000. Raymond James Financial Inc. bought a new position in DWS Municipal Income Trust during the 4th quarter worth about $1,844,000. Axxcess Wealth Management LLC purchased a new position in DWS Municipal Income Trust during the 4th quarter valued at about $213,000. Optimum Investment Advisors bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at about $76,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at about $376,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

NYSE:KTF remained flat at $8.86 during mid-day trading on Tuesday. 22,001 shares of the company traded hands, compared to its average volume of 134,345. DWS Municipal Income Trust has a one year low of $8.75 and a one year high of $10.22. The stock has a 50 day moving average price of $8.98 and a 200 day moving average price of $9.35.

DWS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be given a $0.061 dividend. The ex-dividend date is Friday, June 20th. This represents a $0.73 annualized dividend and a yield of 8.26%.

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.