DWS Municipal Income Trust (NYSE:KTF) Short Interest Up 89.3% in October

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 112,800 shares, a growth of 89.3% from the September 30th total of 59,600 shares. Based on an average trading volume of 206,100 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On DWS Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE bought a new position in shares of DWS Municipal Income Trust in the third quarter worth approximately $80,000. Dakota Wealth Management bought a new position in DWS Municipal Income Trust in the 2nd quarter valued at approximately $95,000. Integrated Capital Management Inc. boosted its stake 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 last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of DWS Municipal Income Trust in the 2nd quarter worth $236,000. Finally, Whitebox Advisors LLC purchased a new position in shares of DWS Municipal Income Trust in the second quarter worth $597,000. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Price Performance

KTF traded down $0.04 during midday trading on Monday, reaching $9.71. The company's stock had a trading volume of 154,949 shares, compared to its average volume of 139,875. The stock's 50-day moving average is $9.91 and its 200-day moving average is $9.66. DWS Municipal Income Trust has a 1 year low of $7.45 and a 1 year high of $10.22.

DWS Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Thursday, October 17th.

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.

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