DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 85,900 shares, a decrease of 29.5% from the November 15th total of 121,900 shares. Based on an average daily volume of 182,800 shares, the short-interest ratio is presently 0.5 days.
DWS Municipal Income Trust Price Performance
Shares of KTF stock traded down $0.11 during trading hours on Friday, hitting $9.85. 132,124 shares of the company's stock traded hands, compared to its average volume of 137,740. The stock's 50 day simple moving average is $9.95 and its 200 day simple moving average is $9.78. DWS Municipal Income Trust has a 12 month low of $8.71 and a 12 month high of $10.22.
DWS Municipal Income Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th will be issued a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date is Wednesday, December 18th.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Dakota Wealth Management bought a new stake in shares of DWS Municipal Income Trust in the second quarter valued at approximately $95,000. Bank of New York Mellon Corp raised its holdings in DWS Municipal Income Trust by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 78,626 shares of the investment management company's stock valued at $745,000 after buying an additional 1,689 shares during the last quarter. HB Wealth Management LLC bought a new stake in DWS Municipal Income Trust during the 2nd quarter valued at $1,420,000. Rothschild Investment LLC bought a new position in DWS Municipal Income Trust in the 2nd quarter worth $848,000. Finally, City of London Investment Management Co. Ltd. raised its holdings in DWS Municipal Income Trust by 3.8% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 412,392 shares of the investment management company's stock worth $3,905,000 after purchasing an additional 15,127 shares in the last quarter. 57.71% of the stock is currently owned by institutional investors and hedge funds.
About DWS Municipal Income Trust
(
Get Free Report)
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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