DWS Strategic Municipal Income Trust (NYSE:KSM – Get 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.
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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