DWS Strategic Municipal Income Trust (NYSE:KSM) Short Interest Up 90.3% in September

DWS Strategic Municipal Income Trust (NYSE:KSMGet 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Almitas Capital LLC raised its position in shares of DWS Strategic Municipal Income Trust by 111.2% during the 2nd quarter. Almitas Capital LLC now owns 276,617 shares of the investment management company’s stock worth $2,727,000 after purchasing an additional 145,631 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of DWS Strategic Municipal Income Trust during the second quarter valued at approximately $69,000. Catalina Capital Group LLC lifted its position in shares of DWS Strategic Municipal Income Trust by 8.8% in the second quarter. Catalina Capital Group LLC now owns 13,072 shares of the investment management company’s stock valued at $129,000 after acquiring an additional 1,059 shares in the last quarter. Logan Stone Capital LLC lifted its position in shares of DWS Strategic Municipal Income Trust by 4.0% in the second quarter. Logan Stone Capital LLC now owns 211,297 shares of the investment management company’s stock valued at $2,083,000 after acquiring an additional 8,115 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of DWS Strategic Municipal Income Trust in the second quarter worth approximately $211,000. 53.77% of the stock is owned by hedge funds and other institutional investors.

About DWS Strategic Municipal Income Trust

(Get Free Report)

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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