DWS Municipal Income Trust (NYSE:KTF) Stock Short Interest Report for September

DWS Municipal Income Trust (NYSE:KTF) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 246,967 shares, a growth of 123.7% from the September 15th total of 110,407 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 431,819 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On DWS Municipal Income Trust

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of DWS Municipal Income Trust by 44.3% in 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 purchasing an additional 2,215 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of DWS Municipal Income Trust by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 19,402 shares of the investment management company’s stock worth $178,000 after purchasing an additional 3,053 shares in the last quarter. Royal Bank of Canada boosted its holdings in DWS Municipal Income Trust by 16.3% during the first quarter. Royal Bank of Canada now owns 70,959 shares of the investment management company’s stock worth $646,000 after purchasing an additional 9,965 shares during the last quarter. Worth Asset Management LLC acquired a new position in DWS Municipal Income Trust during the second quarter worth $101,000. Finally, Susquehanna International Group LLP acquired a new position in DWS Municipal Income Trust during the second quarter worth $110,000. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

Shares of DWS Municipal Income Trust stock opened at $8.03 on Tuesday. The stock’s 50-day moving average is $8.55 and its 200-day moving average is $8.90. DWS Municipal Income Trust has a one year low of $7.95 and a one year high of $9.37.

DWS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be issued a dividend of $0.0610 per share. The ex-dividend date is Wednesday, October 21st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 9.1%.

DWS Municipal Income Trust Company Profile

DWS Municipal Income Trust (NYSE: KTF) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities and other public authorities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other municipal debt obligations used to finance public infrastructure and essential services. Income and investment results can be affected by changes in interest rates, credit conditions, municipal finances and developments in the communities or projects supporting the securities.

DWS Municipal Income Trust is advised by DWS Investment Management Americas, Inc, part of the DWS asset-management organization.