Short Interest in DWS Municipal Income Trust (NYSE:KTF) Rises By 123.8%

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 63,533 shares, an increase of 123.8% from the July 30th total of 28,387 shares. Based on an average trading volume of 229,707 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. lifted its stake in shares of DWS Municipal Income Trust by 9.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company’s stock valued at $195,000 after buying an additional 1,840 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of DWS Municipal Income Trust by 44.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,214 shares of the investment management company’s stock valued at $66,000 after buying an additional 2,215 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter worth about $25,000. Osaic Holdings Inc. raised its holdings in shares of DWS Municipal Income Trust by 15.7% in the 2nd quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock worth $189,000 after acquiring an additional 2,902 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of DWS Municipal Income Trust by 10.2% in the 4th quarter. Wedbush Securities Inc. now owns 77,244 shares of the investment management company’s stock worth $702,000 after acquiring an additional 7,177 shares during the last quarter. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

Shares of NYSE:KTF remained flat at $8.79 during mid-day trading on Friday. 142,217 shares of the stock were exchanged, compared to its average volume of 183,656. The firm’s fifty day simple moving average is $9.03 and its two-hundred day simple moving average is $9.08. DWS Municipal Income Trust has a 52 week low of $8.73 and a 52 week high of $9.37.

DWS Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be given a dividend of $0.061 per share. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Wednesday, August 19th.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.