DWS Municipal Income Trust (NYSE:KTF) Short Interest Down 56.0% in May

DWS Municipal Income Trust (NYSE:KTFGet Rating) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 3,300 shares, a drop of 56.0% from the May 15th total of 7,500 shares. Based on an average daily trading volume, of 82,300 shares, the short-interest ratio is presently 0.0 days.

KTF stock opened at $9.28 on Friday. DWS Municipal Income Trust has a 12 month low of $8.87 and a 12 month high of $12.58. The firm’s 50-day moving average is $9.52 and its 200 day moving average is $10.60.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Investors of record on Tuesday, June 21st will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Friday, June 17th.

Hedge funds have recently bought and sold shares of the stock. Huntington National Bank purchased a new position in DWS Municipal Income Trust during the 1st quarter valued at about $31,000. Herold Advisors Inc. purchased a new position in DWS Municipal Income Trust during the 1st quarter valued at about $38,000. Worth Asset Management LLC purchased a new position in DWS Municipal Income Trust during the 1st quarter valued at about $77,000. Landscape Capital Management L.L.C. purchased a new position in DWS Municipal Income Trust during the 1st quarter valued at about $111,000. Finally, Doyle Wealth Management purchased a new position in DWS Municipal Income Trust during the 1st quarter valued at about $113,000. 37.64% of the stock is currently owned by institutional investors.

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.

Recommended Stories

Receive News & Ratings for DWS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.