Short Interest in DWS Municipal Income Trust (NYSE:KTF) Decreases By 16.7%

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 84,200 shares, a drop of 16.7% from the February 13th total of 101,100 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 106,400 shares, the days-to-cover ratio is currently 0.8 days.

DWS Municipal Income Trust Stock Performance

NYSE:KTF traded up $0.05 during midday trading on Thursday, reaching $9.38. The stock had a trading volume of 25,337 shares, compared to its average volume of 89,174. DWS Municipal Income Trust has a 12-month low of $8.92 and a 12-month high of $10.22. The firm has a fifty day simple moving average of $9.54 and a two-hundred day simple moving average of $9.75.

DWS Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.80%.

Institutional Investors Weigh In On DWS Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new position in DWS Municipal Income Trust during the 4th quarter worth approximately $68,000. Bulldog Investors LLP lifted its holdings in shares of DWS Municipal Income Trust by 97.5% in the 4th quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company’s stock valued at $4,296,000 after buying an additional 224,466 shares during the period. Navigoe LLC purchased a new stake in shares of DWS Municipal Income Trust in the fourth quarter valued at approximately $63,000. Kovitz Investment Group Partners LLC grew its holdings in DWS Municipal Income Trust by 83.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company’s stock worth $2,767,000 after acquiring an additional 132,813 shares during the period. Finally, 1607 Capital Partners LLC raised its position in DWS Municipal Income Trust by 5.4% in the fourth quarter. 1607 Capital Partners LLC now owns 1,409,479 shares of the investment management company’s stock worth $13,320,000 after acquiring an additional 72,095 shares in the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.

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.