DWS Strategic Municipal Income Trust (NYSE:KSM – Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 13,700 shares, a growth of 90.3% from the September 15th total of 7,200 shares. Based on an average daily volume of 22,600 shares, the days-to-cover ratio is presently 0.6 days.
DWS Strategic Municipal Income Trust Stock Up 0.2 %
Shares of KSM stock opened at $10.18 on Friday. DWS Strategic Municipal Income Trust has a 1-year low of $7.25 and a 1-year high of $10.25. The stock has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $9.82.
DWS Strategic Municipal Income Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Thursday, October 17th.
Hedge Funds Weigh In On DWS Strategic Municipal Income Trust
About DWS Strategic Municipal Income Trust
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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