DWS Municipal Income Trust (NYSE:KTF) Short Interest Down 16.7% in February

DWS Municipal Income Trust (NYSE:KTF) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 84,200 shares, a decline 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 trading volume of 106,400 shares, the days-to-cover ratio is currently 0.8 days.

DWS Municipal Income Trust Trading Down 0.3 %

KTF stock traded down $0.03 during trading on Tuesday, reaching $9.37. 95,690 shares of the company’s stock were exchanged, compared to its average volume of 136,356. DWS Municipal Income Trust has a 1-year low of $8.92 and a 1-year high of $10.22. The company’s fifty day moving average price is $9.55 and its 200-day moving average price is $9.75.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.061 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.73 dividend on an annualized basis and a yield of 7.82%.

Institutional Trading of DWS Municipal Income Trust

Several institutional investors have recently modified their holdings of KTF. Walleye Capital LLC acquired a new stake in shares of DWS Municipal Income Trust in the third quarter valued at $114,000. HighTower Advisors LLC lifted its holdings in shares of DWS Municipal Income Trust by 18.5% in the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock valued at $135,000 after buying an additional 2,135 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of DWS Municipal Income Trust in the third quarter valued at $1,595,000. Integrated Capital Management Inc. lifted its holdings in shares of DWS Municipal Income Trust by 17.0% in the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock valued at $224,000 after buying an additional 3,454 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in shares of DWS Municipal Income Trust by 10.6% in the fourth quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock valued at $1,074,000 after buying an additional 10,885 shares during the period. Institutional investors and hedge funds own 57.71% of the company’s stock.

About DWS Municipal Income Trust

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.