DWS Municipal Income Trust (NYSE:KTF) Sees Large Growth in Short Interest

DWS Municipal Income Trust (NYSE:KTF) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 246,967 shares, an increase of 123.7% from the September 15th total of 110,407 shares. Based on an average daily volume of 431,819 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On DWS Municipal Income Trust

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new position in DWS Municipal Income Trust in the 2nd quarter valued at approximately $6,781,000. NewEdge Advisors LLC raised its holdings in DWS Municipal Income Trust by 43.1% during the 1st quarter. NewEdge Advisors LLC now owns 97,961 shares of the investment management company’s stock valued at $891,000 after acquiring an additional 29,488 shares during the period. Wedbush Securities Inc. raised its holdings in DWS Municipal Income Trust by 21.3% during the 2nd quarter. Wedbush Securities Inc. now owns 93,726 shares of the investment management company’s stock valued at $862,000 after acquiring an additional 16,482 shares during the period. Concurrent Investment Advisors LLC raised its holdings in DWS Municipal Income Trust by 50.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 77,850 shares of the investment management company’s stock valued at $716,000 after acquiring an additional 26,200 shares during the period. Finally, Royal Bank of Canada raised its holdings in DWS Municipal Income Trust by 16.3% during the 1st quarter. Royal Bank of Canada now owns 70,959 shares of the investment management company’s stock valued at $646,000 after acquiring an additional 9,965 shares during the period. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Trading Down 0.2%

Shares of NYSE:KTF traded down $0.01 during mid-day trading on Wednesday, reaching $8.03. The company had a trading volume of 205,247 shares, compared to its average volume of 358,780. The company’s 50-day moving average price is $8.51 and its 200-day moving average price is $8.89. DWS Municipal Income Trust has a one year low of $7.95 and a one year high of $9.37.

DWS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be paid a $0.0610 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Wednesday, October 21st.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities and other public authorities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other municipal debt obligations used to finance public infrastructure and essential services. Income and investment results can be affected by changes in interest rates, credit conditions, municipal finances and developments in the communities or projects supporting the securities.

DWS Municipal Income Trust is advised by DWS Investment Management Americas, Inc, part of the DWS asset-management organization.