Short Interest in DWS Municipal Income Trust (NYSE:KTF) Drops By 58.4%

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KTF. Motco purchased a new position in DWS Municipal Income Trust in the second quarter valued at about $31,000. Gridiron Partners LLC grew its holdings in shares of DWS Municipal Income Trust by 3,970.6% in the 3rd quarter. Gridiron Partners LLC now owns 425,178 shares of the investment management company’s stock worth $39,000 after acquiring an additional 414,733 shares during the period. Murphy Middleton Hinkle & Parker Inc. purchased a new position in DWS Municipal Income Trust in the 4th quarter valued at approximately $89,000. River Street Advisors LLC purchased a new position in DWS Municipal Income Trust in the 2nd quarter valued at approximately $97,000. Finally, Thrivent Financial for Lutherans acquired a new position in DWS Municipal Income Trust during the third quarter worth $107,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.

DWS Municipal Income Trust Trading Up 0.1%

NYSE:KTF traded up $0.01 during trading hours on Wednesday, hitting $9.17. The company’s stock had a trading volume of 33,587 shares, compared to its average volume of 140,337. DWS Municipal Income Trust has a 52-week low of $8.48 and a 52-week high of $9.77. The business’s 50-day moving average is $9.14 and its two-hundred day moving average is $9.00.

DWS Municipal Income Trust Increases Dividend

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

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.