DWS Municipal Income Trust (NYSE:KTF) Short Interest Down 33.1% in May

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 187,700 shares, a drop of 33.1% from the May 15th total of 280,600 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 106,300 shares, the short-interest ratio is presently 1.8 days.

DWS Municipal Income Trust Stock Performance

Shares of NYSE:KTF remained flat at $8.86 during midday trading on Tuesday. 22,001 shares of the company were exchanged, compared to its average volume of 134,345. The company’s 50 day moving average is $8.98 and its two-hundred day moving average is $9.35. DWS Municipal Income Trust has a 12-month low of $8.75 and a 12-month high of $10.22.

DWS Municipal Income Trust Dividend Announcement

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

Institutional Investors Weigh In On DWS Municipal Income Trust

Several large investors have recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new position in DWS Municipal Income Trust during the 4th quarter valued at approximately $710,000. Raymond James Financial Inc. bought a new position in shares of DWS Municipal Income Trust during the 4th quarter valued at approximately $1,844,000. Axxcess Wealth Management LLC purchased a new stake in DWS Municipal Income Trust during the fourth quarter valued at $213,000. Optimum Investment Advisors bought a new position in DWS Municipal Income Trust during the fourth quarter valued at $76,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of DWS Municipal Income Trust in the 4th quarter worth $376,000. 57.71% of the stock is owned by institutional investors.

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.