Short Interest in DWS Municipal Income Trust (NYSE:KTF) Declines By 41.1%

DWS Municipal Income Trust (NYSE:KTF) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 52,872 shares, a drop of 41.1% from the May 31st total of 89,814 shares. Based on an average daily volume of 82,165 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KTF. Kestra Advisory Services LLC acquired a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $25,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter worth $89,000. GM Advisory Group LLC acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter worth $93,000. Osaic Holdings Inc. lifted its stake in shares of DWS Municipal Income Trust by 15.7% in the 2nd quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock valued at $189,000 after acquiring an additional 2,902 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of DWS Municipal Income Trust by 9.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company’s stock valued at $195,000 after acquiring an additional 1,840 shares during the last quarter. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Price Performance

Shares of DWS Municipal Income Trust stock traded up $0.08 during trading on Wednesday, reaching $9.28. 78,111 shares of the company’s stock were exchanged, compared to its average volume of 123,003. DWS Municipal Income Trust has a 1-year low of $8.48 and a 1-year high of $9.37. The firm’s 50-day moving average price is $9.11 and its 200 day moving average price is $9.11.

DWS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a $0.061 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date was Wednesday, June 24th.

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.