DWS Strategic Municipal Income Trust (NYSE:KSM) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 9,700 shares, an increase of 340.9% from the September 15th total of 2,200 shares. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is currently 0.3 days.
Shares of NYSE KSM traded up $0.11 during midday trading on Thursday, reaching $12.41. The company had a trading volume of 100 shares, compared to its average volume of 22,547. The business’s 50-day simple moving average is $12.58 and its 200 day simple moving average is $12.37. DWS Strategic Municipal Income Trust has a 1 year low of $10.45 and a 1 year high of $12.99.
The business also recently declared a monthly dividend, which will be paid on Friday, October 29th. Shareholders of record on Monday, October 18th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Friday, October 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.35%.
About DWS Strategic Municipal Income Trust
Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.
Further Reading: Initial Coin Offerings entail a high degree of risk
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