DWS Strategic Municipal Income Trust (NYSE:KSM) Short Interest Up 27.7% in April

DWS Strategic Municipal Income Trust (NYSE:KSMGet Rating) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 6,000 shares, an increase of 27.7% from the April 15th total of 4,700 shares. Based on an average daily trading volume, of 29,300 shares, the days-to-cover ratio is currently 0.2 days.

Shares of DWS Strategic Municipal Income Trust stock traded down $0.15 on Wednesday, hitting $9.07. 18,024 shares of the company’s stock traded hands, compared to its average volume of 26,518. The firm’s 50-day moving average is $9.85 and its 200 day moving average is $11.13. DWS Strategic Municipal Income Trust has a 52-week low of $9.04 and a 52-week high of $12.99.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be paid a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Friday, May 13th.

Institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its stake in shares of DWS Strategic Municipal Income Trust by 9.2% during the 3rd quarter. Guggenheim Capital LLC now owns 191,553 shares of the investment management company’s stock valued at $2,354,000 after buying an additional 16,188 shares during the last quarter. TCI Wealth Advisors Inc. purchased a new position in shares of DWS Strategic Municipal Income Trust during the 4th quarter valued at approximately $27,000. Camelot Portfolios LLC raised its position in shares of DWS Strategic Municipal Income Trust by 20.0% during the 4th quarter. Camelot Portfolios LLC now owns 28,971 shares of the investment management company’s stock valued at $352,000 after acquiring an additional 4,822 shares in the last quarter. Rivernorth Capital Management LLC raised its position in shares of DWS Strategic Municipal Income Trust by 25.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 96,364 shares of the investment management company’s stock valued at $1,184,000 after acquiring an additional 19,555 shares in the last quarter. Finally, Integrated Capital Management Inc. raised its position in shares of DWS Strategic Municipal Income Trust by 7.3% during the 4th quarter. Integrated Capital Management Inc. now owns 14,955 shares of the investment management company’s stock valued at $181,000 after acquiring an additional 1,013 shares in the last quarter. Institutional investors own 36.14% of the company’s stock.

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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