DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 84,200 shares, a decline of 16.7% from the February 13th total of 101,100 shares. Based on an average trading volume of 106,400 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.
DWS Municipal Income Trust Price Performance
NYSE KTF traded up $0.03 during trading on Friday, hitting $9.37. 50,507 shares of the company's stock traded hands, compared to its average volume of 136,974. The business has a 50 day moving average of $9.53 and a 200-day moving average of $9.74. DWS Municipal Income Trust has a 12-month low of $8.92 and a 12-month high of $10.22.
DWS Municipal Income Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.73 annualized dividend and a dividend yield of 7.82%.
Hedge Funds Weigh In On DWS Municipal Income Trust
Several hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC boosted its stake in DWS Municipal Income Trust by 18.5% in the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company's stock worth $135,000 after purchasing an additional 2,135 shares during the period. Integrated Capital Management Inc. grew its stake in DWS Municipal Income Trust by 17.0% during the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company's stock valued at $224,000 after acquiring an additional 3,454 shares in the last quarter. Navigoe LLC bought a new stake in DWS Municipal Income Trust during the 4th quarter worth approximately $63,000. Elequin Capital LP bought a new stake in DWS Municipal Income Trust during the 4th quarter worth approximately $68,000. Finally, Optimum Investment Advisors purchased a new stake in DWS Municipal Income Trust in the 4th quarter worth approximately $76,000. 57.71% of the stock is currently owned by hedge funds and other institutional investors.
DWS Municipal Income Trust Company Profile
(
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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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