DWS Municipal Income Trust (NYSE:KTF) Short Interest Up 17.5% in September

DWS Municipal Income Trust (NYSE:KTF) 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

Several institutional investors have recently bought and sold shares of the business. Dakota Wealth Management acquired a new stake in shares of DWS Municipal Income Trust during the second quarter worth about $95,000. Flow State Investments L.P. acquired a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at about $161,000. Integrated Capital Management Inc. increased its stake in shares of DWS Municipal Income Trust by 9.7% in the second quarter. Integrated Capital Management Inc. now owns 20,357 shares of the investment management company’s stock valued at $193,000 after buying an additional 1,792 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of DWS Municipal Income Trust in the 2nd quarter valued at about $236,000. Finally, Livelsberger Financial Advisory acquired a new stake in DWS Municipal Income Trust in the fourth quarter worth $549,000. Institutional investors own 57.71% of the company’s stock.

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.