Short Interest in DWS Municipal Income Trust (NYSE:KTF) Rises By 70.7%

DWS Municipal Income Trust (NYSE:KTF) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 131,100 shares, a growth of 70.7% from the March 15th total of 76,800 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 105,100 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On DWS Municipal Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of DWS Municipal Income Trust during the fourth quarter worth about $1,844,000. Park Avenue Securities LLC raised its position in shares of DWS Municipal Income Trust by 10.6% during the fourth quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock valued at $1,074,000 after buying an additional 10,885 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at approximately $710,000. HighTower Advisors LLC lifted its holdings in shares of DWS Municipal Income Trust by 18.5% in the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock worth $135,000 after buying an additional 2,135 shares in the last quarter. Finally, StoneX Group Inc. bought a new position in shares of DWS Municipal Income Trust during the fourth quarter worth $700,000. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Trading Up 0.1 %

KTF opened at $8.96 on Friday. DWS Municipal Income Trust has a 1-year low of $8.75 and a 1-year high of $10.22. The company has a 50 day simple moving average of $9.38 and a two-hundred day simple moving average of $9.63.

DWS Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be paid a $0.061 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.73 dividend on an annualized basis and a yield of 8.17%.

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.