DWS Strategic Municipal Income Trust (NYSE:KSM – Get Rating) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 500 shares, a decrease of 87.2% from the March 15th total of 3,900 shares. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is currently 0.0 days.
Shares of DWS Strategic Municipal Income Trust stock traded down $0.03 during mid-day trading on Tuesday, hitting $9.80. The stock had a trading volume of 2,799 shares, compared to its average volume of 20,440. The firm’s 50-day simple moving average is $10.61. DWS Strategic Municipal Income Trust has a 12-month low of $9.83 and a 12-month high of $12.99.
The company also recently declared a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Tuesday, April 19th will be paid a $0.04 dividend. The ex-dividend date is Monday, April 18th. This represents a $0.48 annualized dividend and a dividend yield of 4.90%.
About DWS Strategic Municipal Income Trust (Get Rating)
Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.
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