Short Interest in DWS Municipal Income Trust (NYSE:KTF) Increases By 705.4%

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 59,600 shares, an increase of 705.4% from the September 15th total of 7,400 shares. Based on an average trading volume of 177,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of DWS Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Dakota Wealth Management bought a new position in shares of DWS Municipal Income Trust in the second quarter worth approximately $95,000. Flow State Investments L.P. bought a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth about $161,000. Integrated Capital Management Inc. increased its holdings in DWS Municipal Income Trust by 9.7% during the 2nd quarter. Integrated Capital Management Inc. now owns 20,357 shares of the investment management company's stock valued at $193,000 after purchasing an additional 1,792 shares during the period. Kingswood Wealth Advisors LLC bought a new position in DWS Municipal Income Trust during the 2nd quarter valued at approximately $236,000. Finally, Livelsberger Financial Advisory purchased a new stake in DWS Municipal Income Trust in the 4th quarter worth approximately $549,000. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Price Performance

Shares of NYSE:KTF traded up $0.06 during trading on Thursday, reaching $10.06. The company had a trading volume of 431,103 shares, compared to its average volume of 133,461. DWS Municipal Income Trust has a 12 month low of $7.40 and a 12 month high of $10.09. The company has a fifty day moving average of $9.85 and a two-hundred day moving average of $9.60.

DWS Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.061 dividend. The ex-dividend date is Thursday, October 17th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.28%.

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.