DWS Municipal Income Trust (NYSE:KTF) Short Interest Update

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 28,387 shares, a decline of 38.5% from the July 15th total of 46,133 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 284,054 shares, the days-to-cover ratio is currently 0.1 days.

DWS Municipal Income Trust Stock Performance

KTF stock traded down $0.07 during midday trading on Wednesday, reaching $8.88. The company had a trading volume of 86,814 shares, compared to its average volume of 140,554. The stock has a 50 day moving average price of $9.09 and a 200 day moving average price of $9.10. DWS Municipal Income Trust has a fifty-two week low of $8.55 and a fifty-two week high of $9.37.

DWS Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a $0.061 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a c) annualized dividend and a yield of 8.2%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KTF. Kestra Advisory Services LLC bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of DWS Municipal Income Trust in the second quarter valued at about $66,000. GM Advisory Group LLC bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at approximately $93,000. Worth Asset Management LLC bought a new position in shares of DWS Municipal Income Trust in the second quarter valued at approximately $101,000. Finally, Osaic Holdings Inc. increased its stake in shares of DWS Municipal Income Trust by 15.7% in the second quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock valued at $189,000 after buying an additional 2,902 shares in the last quarter. 57.71% of the stock is currently owned by institutional investors.

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.