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

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 156,360 shares, an increase of 119.6% from the March 15th total of 71,202 shares. Based on an average trading volume of 213,964 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the stock are short sold.DWS Municipal Income Trust Stock Up 0.2%Shares of KTF traded up $0.02 during mid-day trading on Friday, hitting $9.16. 156,075 shares of the company were exchanged, compared to its average volume of 183,824. 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 of $9.12 and a 200-day moving average of $9.14. DWS Municipal Income Trust Announces DividendThe company also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were paid a $0.061 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. Hedge Funds Weigh In On DWS Municipal Income TrustA number of institutional investors have recently added to or reduced their stakes in KTF. Sit Investment Associates Inc. boosted its position in shares of DWS Municipal Income Trust by 0.5% during the 4th quarter. Sit Investment Associates Inc. now owns 9,883,177 shares of the investment management company's stock valued at $89,838,000 after acquiring an additional 51,032 shares during the last quarter. LPL Financial LLC boosted its position in shares of DWS Municipal Income Trust by 11.7% during the 4th quarter. LPL Financial LLC now owns 553,077 shares of the investment management company's stock valued at $5,027,000 after acquiring an additional 58,031 shares during the last quarter. Gridiron Partners LLC boosted its position 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 acquiring an additional 414,733 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of DWS Municipal Income Trust during the 4th quarter valued at about $2,973,000. Finally, Van ECK Associates Corp boosted its position in shares of DWS Municipal Income Trust by 14.9% during the 4th quarter. Van ECK Associates Corp now owns 229,185 shares of the investment management company's stock valued at $2,083,000 after acquiring an additional 29,752 shares during the last quarter. Hedge funds and other institutional investors own 57.71% of the company's stock. DWS Municipal Income Trust Company Profile (Get Free Report)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.Read MoreFive stocks we like better than DWS Municipal Income TrustThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in DWS Municipal Income Trust Right Now?Before you consider DWS Municipal Income Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DWS Municipal Income Trust wasn't on the list.While DWS Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here