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

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

DWS Municipal Income Trust Stock Performance

DWS Municipal Income Trust stock traded up $0.01 during mid-day trading on Tuesday, hitting $8.95. The company’s stock had a trading volume of 142,497 shares, compared to its average volume of 140,796. The business 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 12 month low of $8.55 and a 12 month high of $9.37.

DWS Municipal Income Trust Announces Dividend

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

Institutional Investors Weigh In On DWS Municipal Income Trust

Several institutional investors have recently bought and sold shares of KTF. Bank of America Corp DE bought a new position in DWS Municipal Income Trust during the 2nd quarter worth approximately $6,781,000. Focus Partners Wealth purchased a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at approximately $2,973,000. Citadel Advisors LLC bought a new position in shares of DWS Municipal Income Trust in the third quarter worth approximately $582,000. LPL Financial LLC grew its holdings in shares of DWS Municipal Income Trust by 11.7% in the fourth quarter. LPL Financial LLC now owns 553,077 shares of the investment management company’s stock worth $5,027,000 after purchasing an additional 58,031 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of DWS Municipal Income Trust in the second quarter worth $503,000. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

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.