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

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

Institutional Investors Weigh In On DWS Municipal Income Trust

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of DWS Municipal Income Trust by 16.3% in the first quarter. Royal Bank of Canada now owns 70,959 shares of the investment management company’s stock valued at $646,000 after acquiring an additional 9,965 shares during the period. Bank of America Corp DE boosted its holdings in shares of DWS Municipal Income Trust by 162.5% during the first quarter. Bank of America Corp DE now owns 463,366 shares of the investment management company’s stock worth $4,217,000 after purchasing an additional 286,839 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth about $25,000. GM Advisory Group LLC bought a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth about $93,000. Finally, Captrust Financial Advisors purchased a new position in DWS Municipal Income Trust during the 2nd quarter valued at about $212,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

KTF stock remained flat at $9.26 during midday trading on Friday. The company’s stock had a trading volume of 49,998 shares, compared to its average volume of 83,852. DWS Municipal Income Trust has a 12-month low of $8.48 and a 12-month high of $9.37. The firm has a 50 day moving average price of $9.12 and a 200 day moving average price of $9.11.

DWS Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date was Wednesday, June 24th.

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.