Short Interest in DWS Strategic Municipal Income Trust (NYSE:KSM) Rises By 90.3%

DWS Strategic Municipal Income Trust (NYSE:KSM) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 13,700 shares, an increase of 90.3% from the September 15th total of 7,200 shares. Based on an average daily trading volume, of 22,600 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in DWS Strategic Municipal Income Trust during the 2nd quarter worth $69,000. Catalina Capital Group LLC boosted its stake in DWS Strategic Municipal Income Trust by 8.8% during the 2nd quarter. Catalina Capital Group LLC now owns 13,072 shares of the investment management company’s stock worth $129,000 after purchasing an additional 1,059 shares during the period. Sanctuary Advisors LLC acquired a new stake in DWS Strategic Municipal Income Trust during the 2nd quarter worth $211,000. Whitebox Advisors LLC acquired a new stake in DWS Strategic Municipal Income Trust during the 1st quarter worth $311,000. Finally, Logan Stone Capital LLC boosted its stake in DWS Strategic Municipal Income Trust by 4.0% during the 2nd quarter. Logan Stone Capital LLC now owns 211,297 shares of the investment management company’s stock worth $2,083,000 after purchasing an additional 8,115 shares during the period. Institutional investors and hedge funds own 53.77% of the company’s stock.

DWS Strategic Municipal Income Trust Stock Performance

Shares of DWS Strategic Municipal Income Trust stock opened at $10.18 on Monday. The company has a fifty day simple moving average of $10.12 and a 200-day simple moving average of $9.83. DWS Strategic Municipal Income Trust has a 12-month low of $7.25 and a 12-month high of $10.25.

DWS Strategic Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.023 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, October 17th.

DWS Strategic Municipal Income Trust Company Profile

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.