DWS Municipal Income Trust (NYSE:KTF) Stock Short Interest Jumps 123.7%

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE bought a new position in DWS Municipal Income Trust in the 2nd quarter valued at about $6,781,000. NewEdge Advisors LLC boosted its stake in DWS Municipal Income Trust by 43.1% during the 1st quarter. NewEdge Advisors LLC now owns 97,961 shares of the investment management company’s stock valued at $891,000 after purchasing an additional 29,488 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in DWS Municipal Income Trust by 1,020.0% during the 1st quarter. Kestra Advisory Services LLC now owns 31,079 shares of the investment management company’s stock worth $283,000 after purchasing an additional 28,304 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in DWS Municipal Income Trust by 50.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 77,850 shares of the investment management company’s stock worth $716,000 after purchasing an additional 26,200 shares in the last quarter. Finally, Wedbush Securities Inc. raised its stake in shares of DWS Municipal Income Trust by 21.3% in the second quarter. Wedbush Securities Inc. now owns 93,726 shares of the investment management company’s stock worth $862,000 after purchasing an additional 16,482 shares during the last quarter. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Stock Performance

NYSE KTF traded up $0.10 during mid-day trading on Thursday, hitting $8.12. The company’s stock had a trading volume of 247,010 shares, compared to its average volume of 167,135. The company’s 50 day simple moving average is $8.51 and its 200 day simple moving average is $8.89. DWS Municipal Income Trust has a twelve month low of $7.95 and a twelve month high of $9.37.

DWS Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders 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 annualized dividend and a yield of 9.0%.

About DWS Municipal Income Trust

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.