Short Interest in DWS Municipal Income Trust (NYSE:KTF) Declines By 41.1%

DWS Municipal Income Trust (NYSE:KTF) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 52,872 shares, a drop of 41.1% from the May 31st total of 89,814 shares. Based on an average daily trading volume, of 82,165 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of DWS Municipal Income Trust

A number of institutional investors have recently modified their holdings of KTF. Bank of America Corp DE grew its holdings in shares of DWS Municipal Income Trust by 26.5% during the 2nd quarter. Bank of America Corp DE now owns 208,820 shares of the investment management company’s stock worth $1,846,000 after purchasing an additional 43,693 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in DWS Municipal Income Trust in the second quarter valued at about $503,000. Captrust Financial Advisors acquired a new position in DWS Municipal Income Trust in the second quarter valued at about $212,000. Osaic Holdings Inc. lifted its position in DWS Municipal Income Trust by 15.7% during the second quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock worth $189,000 after purchasing an additional 2,902 shares during the period. Finally, Van ECK Associates Corp lifted its position in DWS Municipal Income Trust by 18.5% during the third quarter. Van ECK Associates Corp now owns 199,433 shares of the investment management company’s stock worth $1,829,000 after purchasing an additional 31,088 shares during the period. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Price Performance

DWS Municipal Income Trust stock traded up $0.08 during midday trading on Wednesday, hitting $9.28. The company’s stock had a trading volume of 78,111 shares, compared to its average volume of 123,003. DWS Municipal Income Trust has a 1-year low of $8.48 and a 1-year high of $9.37. The company has a 50-day moving average price of $9.11 and a two-hundred day moving average price of $9.11.

DWS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a $0.061 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a c) annualized dividend and a yield of 7.9%.

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.