DWS Municipal Income Trust (NYSE:KTF – Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 7,400 shares, a growth of 17.5% from the August 31st total of 6,300 shares. Based on an average trading volume of 146,800 shares, the short-interest ratio is currently 0.1 days.
DWS Municipal Income Trust Trading Up 0.9 %
Shares of NYSE:KTF traded up $0.09 during midday trading on Monday, reaching $9.97. The company had a trading volume of 129,729 shares, compared to its average volume of 126,261. The company has a fifty day simple moving average of $9.79 and a two-hundred day simple moving average of $9.54. DWS Municipal Income Trust has a 1-year low of $7.40 and a 1-year high of $10.09.
DWS Municipal Income Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 19th will be issued a $0.061 dividend. This represents a $0.73 annualized dividend and a yield of 7.34%. The ex-dividend date of this dividend is Thursday, September 19th.
Hedge Funds Weigh In On DWS Municipal Income Trust
About DWS Municipal Income Trust
Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax.
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