DWS Municipal Income Trust (NYSE:KTF) Short Interest Up 223.1% in February

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 39,563 shares, a growth of 223.1% from the February 12th total of 12,246 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 82,765 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 82,765 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

DWS Municipal Income Trust Stock Performance

DWS Municipal Income Trust stock traded up $0.02 during midday trading on Friday, reaching $9.14. 47,918 shares of the stock traded hands, compared to its average volume of 103,553. The company has a 50-day simple moving average of $9.14 and a two-hundred day simple moving average of $9.13. DWS Municipal Income Trust has a 12-month low of $8.48 and a 12-month high of $9.50.

DWS Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be paid a $0.061 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Institutional Investors Weigh In On DWS Municipal Income Trust

Several large investors have recently added to or reduced their stakes in KTF. Oppenheimer & Co. Inc. raised its stake in shares of DWS Municipal Income Trust by 9.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company’s stock valued at $195,000 after acquiring an additional 1,840 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in DWS Municipal Income Trust during the 4th quarter worth about $25,000. Osaic Holdings Inc. raised its position in DWS Municipal Income Trust by 15.7% in the 2nd quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 2,902 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of DWS Municipal Income Trust by 2.6% in the 4th quarter. Dakota Wealth Management now owns 122,661 shares of the investment management company’s stock valued at $1,115,000 after buying an additional 3,100 shares during the period. Finally, Wellspring Financial Advisors LLC grew its position in shares of DWS Municipal Income Trust by 21.5% during the second quarter. Wellspring Financial Advisors LLC now owns 34,126 shares of the investment management company’s stock worth $302,000 after buying an additional 6,034 shares in the last quarter. 57.71% of the stock is owned by hedge funds and other institutional investors.

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.