DWS Strategic Municipal Income Trust (NYSE:KSM) Sees Large Drop in Short Interest

DWS Strategic Municipal Income Trust (NYSE:KSM) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,500 shares, a decline of 83.4% from the December 15th total of 15,100 shares. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is currently 0.1 days.

NYSE KSM traded down $0.14 during trading on Friday, reaching $11.82. The company’s stock had a trading volume of 1,391 shares, compared to its average volume of 21,847. DWS Strategic Municipal Income Trust has a twelve month low of $11.28 and a twelve month high of $12.99. The business’s fifty day moving average price is $12.36 and its 200-day moving average price is $12.48.

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 31st. Investors of record on Tuesday, January 18th will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Friday, January 14th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Capital Management Inc. lifted its stake in shares of DWS Strategic Municipal Income Trust by 10.7% during the second quarter. Integrated Capital Management Inc. now owns 12,774 shares of the investment management company’s stock valued at $160,000 after buying an additional 1,230 shares during the period. Moors & Cabot Inc. purchased a new position in shares of DWS Strategic Municipal Income Trust in the third quarter valued at $1,003,000. Citadel Advisors LLC purchased a new position in shares of DWS Strategic Municipal Income Trust in the third quarter valued at $262,000. Morgan Stanley boosted its stake in DWS Strategic Municipal Income Trust by 35.2% during the 2nd quarter. Morgan Stanley now owns 22,962 shares of the investment management company’s stock valued at $289,000 after acquiring an additional 5,982 shares during the last quarter. Finally, Camelot Portfolios LLC boosted its stake in DWS Strategic Municipal Income Trust by 20.0% during the 4th quarter. Camelot Portfolios LLC now owns 28,971 shares of the investment management company’s stock valued at $352,000 after acquiring an additional 4,822 shares during the last quarter. 17.00% of the stock is currently owned by institutional investors.

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.

Further Reading: Bear Market

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