Short Interest in DWS Municipal Income Trust (NYSE:KTF) Grows By 119.6%

DWS Municipal Income Trust (NYSE:KTF) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 156,360 shares, a growth of 119.6% from the March 15th total of 71,202 shares. Based on an average daily volume of 213,964 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On DWS Municipal Income Trust

Several hedge funds have recently bought and sold shares of the company. Gridiron Partners LLC grew its holdings in shares of DWS Municipal Income Trust by 3,970.6% during the 3rd quarter. Gridiron Partners LLC now owns 425,178 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 414,733 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of DWS Municipal Income Trust during the 3rd quarter valued at approximately $331,000. Seven Mile Advisory bought a new stake in shares of DWS Municipal Income Trust during the 3rd quarter valued at approximately $332,000. &PARTNERS bought a new stake in shares of DWS Municipal Income Trust during the 4th quarter valued at approximately $455,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of DWS Municipal Income Trust during the 2nd quarter valued at approximately $503,000. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Price Performance

DWS Municipal Income Trust stock traded up $0.03 during midday trading on Tuesday, hitting $9.17. The company’s stock had a trading volume of 66,445 shares, compared to its average volume of 130,987. 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 $9.12 and a two-hundred day moving average price of $9.14.

DWS Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be issued a $0.061 dividend. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Wednesday, April 22nd.

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.