DWS Municipal Income Trust (NYSE:KTF) Short Interest Down 41.1% in June

DWS Municipal Income Trust (NYSE:KTF) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 52,872 shares, a decline of 41.1% from the May 31st total of 89,814 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 82,165 shares, the days-to-cover ratio is currently 0.6 days.

DWS Municipal Income Trust Price Performance

KTF stock traded down $0.01 during midday trading on Thursday, hitting $9.26. The stock had a trading volume of 49,998 shares, compared to its average volume of 122,418. The business has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $9.11. DWS Municipal Income Trust has a 1-year low of $8.48 and a 1-year high of $9.37.

DWS Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Wednesday, June 24th.

Institutional Trading of DWS Municipal Income Trust

Several hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. lifted its position in shares of DWS Municipal Income Trust by 0.5% during the 4th quarter. Sit Investment Associates Inc. now owns 9,883,177 shares of the investment management company’s stock worth $89,838,000 after buying an additional 51,032 shares in the last quarter. LPL Financial LLC grew its stake in DWS Municipal Income Trust by 11.7% in the 4th quarter. LPL Financial LLC now owns 553,077 shares of the investment management company’s stock valued at $5,027,000 after buying an additional 58,031 shares in the last quarter. Bank of America Corp DE grew its position in shares of DWS Municipal Income Trust by 162.5% in the first quarter. Bank of America Corp DE now owns 463,366 shares of the investment management company’s stock valued at $4,217,000 after purchasing an additional 286,839 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at about $2,973,000. Finally, Van ECK Associates Corp boosted its position in shares of DWS Municipal Income Trust by 14.9% in the fourth quarter. Van ECK Associates Corp now owns 229,185 shares of the investment management company’s stock valued at $2,083,000 after acquiring an additional 29,752 shares during the period. Institutional investors and hedge funds own 57.71% of the company’s stock.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.