DWS Municipal Income Trust (NYSE:KTF) Sees Large Drop in Short Interest

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 12,603 shares, a drop of 58.4% from the December 15th total of 30,314 shares. Based on an average daily trading volume, of 200,728 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 200,728 shares, the short-interest ratio is currently 0.1 days.

DWS Municipal Income Trust Stock Down 0.4%

Shares of KTF stock traded down $0.04 during trading hours on Friday, hitting $9.14. 144,097 shares of the company were exchanged, compared to its average volume of 96,800. DWS Municipal Income Trust has a 52 week low of $8.48 and a 52 week high of $9.77. The business has a 50 day moving average of $9.14 and a two-hundred day moving average of $9.00.

DWS Municipal Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be paid a $0.061 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 8.0%. This is a positive change from DWS Municipal Income Trust’s previous monthly dividend of $0.03.

Institutional Investors Weigh In On DWS Municipal Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Karpus Management Inc. boosted its position in DWS Municipal Income Trust by 28.9% during the 2nd quarter. Karpus Management Inc. now owns 3,057,936 shares of the investment management company’s stock worth $27,032,000 after acquiring an additional 684,776 shares during the last quarter. Gridiron Partners LLC boosted its holdings in DWS Municipal Income Trust by 3,970.6% during the third quarter. Gridiron Partners LLC now owns 425,178 shares of the investment management company’s stock worth $39,000 after purchasing an additional 414,733 shares during the last quarter. Bank of America Corp DE grew its position in DWS Municipal Income Trust by 26.5% in the second quarter. Bank of America Corp DE now owns 208,820 shares of the investment management company’s stock valued at $1,846,000 after purchasing an additional 43,693 shares in the last quarter. Van ECK Associates Corp increased its stake in DWS Municipal Income Trust by 18.5% in the 3rd quarter. Van ECK Associates Corp now owns 199,433 shares of the investment management company’s stock valued at $1,829,000 after buying an additional 31,088 shares during the last quarter. Finally, Dakota Wealth Management increased its stake in DWS Municipal Income Trust by 2.6% in the 4th quarter. Dakota Wealth Management now owns 122,661 shares of the investment management company’s stock valued at $1,115,000 after buying an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.

About DWS Municipal Income Trust

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.