Short Interest in DWS Municipal Income Trust (NYSE:KTF) Increases By 52.9%

DWS Municipal Income Trust (NYSE:KTF) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 121,900 shares, a growth of 52.9% from the October 31st total of 79,700 shares. Based on an average trading volume of 220,300 shares, the short-interest ratio is presently 0.6 days.

DWS Municipal Income Trust Stock Up 0.6 %

Shares of NYSE KTF traded up $0.06 during trading on Friday, reaching $10.06. 99,173 shares of the stock traded hands, compared to its average volume of 139,038. DWS Municipal Income Trust has a 52-week low of $8.46 and a 52-week high of $10.22. The company has a 50-day moving average of $9.93 and a 200-day moving average of $9.74.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date is Wednesday, November 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KTF. Bank of New York Mellon Corp increased its position in shares of DWS Municipal Income Trust by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 78,626 shares of the investment management company’s stock valued at $745,000 after buying an additional 1,689 shares during the period. Integrated Capital Management Inc. raised its position in DWS Municipal Income Trust by 9.7% during the 2nd quarter. Integrated Capital Management Inc. now owns 20,357 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 1,792 shares during the last quarter. HighTower Advisors LLC lifted its holdings in DWS Municipal Income Trust by 18.5% in the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock worth $135,000 after buying an additional 2,135 shares during the period. Melfa Wealth Management Inc. grew its position in shares of DWS Municipal Income Trust by 2.3% in the 2nd quarter. Melfa Wealth Management Inc. now owns 161,069 shares of the investment management company’s stock worth $1,525,000 after buying an additional 3,600 shares during the last quarter. Finally, US Bancorp DE bought a new position in shares of DWS Municipal Income Trust during the third quarter valued at approximately $80,000. 57.71% of the stock is owned by institutional investors.

About DWS Municipal Income Trust

Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax.