DWS Municipal Income Trust (NYSE:KTF – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 156,360 shares, a growth of 119.6% from the March 15th total of 71,202 shares. Based on an average trading volume of 213,964 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company’s shares are short sold.
Institutional Investors Weigh In On DWS Municipal Income Trust
Institutional investors and hedge funds have recently bought and sold shares of the company. Gridiron Partners LLC raised its position in DWS Municipal Income Trust by 3,970.6% during the 3rd quarter. Gridiron Partners LLC now owns 425,178 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 414,733 shares in the last quarter. Seven Mile Advisory bought a new stake in DWS Municipal Income Trust during the 3rd quarter valued at $332,000. GM Advisory Group LLC bought a new position in shares of DWS Municipal Income Trust in the 4th quarter worth $93,000. Kestra Advisory Services LLC bought a new position in shares of DWS Municipal Income Trust in the 4th quarter worth $25,000. Finally, Sit Investment Associates Inc. raised its position in shares of DWS Municipal Income Trust by 0.5% in the 4th quarter. Sit Investment Associates Inc. now owns 9,883,177 shares of the investment management company’s stock worth $89,838,000 after acquiring an additional 51,032 shares in the last quarter. 57.71% of the stock is owned by institutional investors.
DWS Municipal Income Trust Price Performance
Shares of KTF stock traded up $0.03 on Tuesday, reaching $9.17. 68,380 shares of the company’s stock were exchanged, compared to its average volume of 131,111. DWS Municipal Income Trust has a 52 week low of $8.48 and a 52 week high of $9.37. The company’s fifty day simple moving average is $9.12 and its 200 day simple moving average is $9.14.
DWS Municipal Income Trust Dividend Announcement
DWS Municipal Income Trust Company Profile
DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.
The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.
See Also
Receive News & Ratings for DWS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.
