DWS Municipal Income Trust (NYSE:KTF) Short Interest Down 23.1% in April

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 17,000 shares, a decrease of 23.1% from the March 31st total of 22,100 shares. Based on an average daily volume of 112,800 shares, the short-interest ratio is presently 0.2 days.

DWS Municipal Income Trust Stock Performance

NYSE KTF traded up $0.01 during trading hours on Friday, hitting $9.28. 56,735 shares of the company traded hands, compared to its average volume of 125,208. The business’s 50-day moving average is $9.16 and its 200-day moving average is $8.74. DWS Municipal Income Trust has a twelve month low of $7.40 and a twelve month high of $9.68.

DWS Municipal Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from DWS Municipal Income Trust’s previous monthly dividend of $0.04. This represents a $0.73 annualized dividend and a yield of 7.89%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KTF. Wolverine Asset Management LLC raised its stake in DWS Municipal Income Trust by 101.5% in the third quarter. Wolverine Asset Management LLC now owns 5,434 shares of the investment management company’s stock valued at $42,000 after buying an additional 2,737 shares during the period. Blue Bell Private Wealth Management LLC bought a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $79,000. Simon Quick Advisors LLC bought a new stake in DWS Municipal Income Trust in the third quarter valued at approximately $113,000. Ironsides Asset Advisors LLC raised its stake in DWS Municipal Income Trust by 14.3% in the third quarter. Ironsides Asset Advisors LLC now owns 17,214 shares of the investment management company’s stock valued at $133,000 after buying an additional 2,150 shares during the period. Finally, Gridiron Partners LLC bought a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $136,000. 57.71% of the stock is owned by institutional investors and hedge funds.

DWS Municipal Income Trust Company Profile

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.