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

DWS Municipal Income Trust (NYSE:KTF – Get Rating) saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 8,600 shares, a growth of 45.8% from the April 15th total of 5,900 shares. Based on an average trading volume of 69,500 shares, the short-interest ratio is currently 0.1 days.

Hedge funds have recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of DWS Municipal Income Trust by 0.9% in the third quarter. Morgan Stanley now owns 94,343 shares of the investment management company’s stock valued at $1,123,000 after purchasing an additional 851 shares during the period. Integrated Capital Management Inc. increased its holdings in shares of DWS Municipal Income Trust by 7.9% in the fourth quarter. Integrated Capital Management Inc. now owns 16,293 shares of the investment management company’s stock valued at $192,000 after purchasing an additional 1,197 shares during the period. Cetera Advisor Networks LLC increased its holdings in shares of DWS Municipal Income Trust by 2.8% in the third quarter. Cetera Advisor Networks LLC now owns 45,823 shares of the investment management company’s stock valued at $545,000 after purchasing an additional 1,249 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of DWS Municipal Income Trust by 7.2% in the first quarter. Commonwealth Equity Services LLC now owns 19,643 shares of the investment management company’s stock valued at $204,000 after purchasing an additional 1,317 shares during the period. Finally, ProVise Management Group LLC increased its holdings in shares of DWS Municipal Income Trust by 7.4% in the fourth quarter. ProVise Management Group LLC now owns 29,146 shares of the investment management company’s stock valued at $345,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 37.64% of the company’s stock.

Shares of NYSE KTF traded down $0.03 during midday trading on Friday, reaching $9.12. 69,479 shares of the company were exchanged, compared to its average volume of 72,249. DWS Municipal Income Trust has a 1 year low of $9.10 and a 1 year high of $12.58. The stock has a fifty day simple moving average of $9.89 and a 200 day simple moving average of $10.96.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, May 13th. This represents a $0.42 dividend on an annualized basis and a yield of 4.61%.

DWS Municipal Income Trust Company Profile (Get Rating)

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.

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