Short Interest in DWS Municipal Income Trust (NYSE:KTF) Increases By 80.0%

DWS Municipal Income Trust (NYSE:KTF) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 71,202 shares, a growth of 80.0% from the February 26th total of 39,563 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 91,028 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On DWS Municipal Income Trust

A number of large investors have recently added to or reduced their stakes in KTF. Oppenheimer & Co. Inc. grew its holdings in shares of DWS Municipal Income Trust by 9.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company’s stock worth $195,000 after buying an additional 1,840 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of DWS Municipal Income Trust in the fourth quarter worth about $25,000. Osaic Holdings Inc. lifted 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 worth $189,000 after buying an additional 2,902 shares in the last quarter. Dakota Wealth Management boosted its position in DWS Municipal Income Trust by 2.6% during the fourth quarter. Dakota Wealth Management now owns 122,661 shares of the investment management company’s stock worth $1,115,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Wellspring Financial Advisors LLC boosted its position in DWS Municipal Income Trust by 21.5% during the second quarter. Wellspring Financial Advisors LLC now owns 34,126 shares of the investment management company’s stock worth $302,000 after acquiring an additional 6,034 shares during the last quarter. 57.71% of the stock is currently owned by institutional investors and hedge funds.

DWS Municipal Income Trust Stock Performance

DWS Municipal Income Trust stock opened at $8.87 on Friday. DWS Municipal Income Trust has a 12 month low of $8.48 and a 12 month high of $9.50. The business has a 50 day simple moving average of $9.13 and a 200-day simple moving average of $9.15.

DWS Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a $0.061 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

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.