DWS Strategic Municipal Income Trust (NYSE:KSM) Short Interest Down 5.3% in August

DWS Strategic Municipal Income Trust (NYSE:KSM) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 44,500 shares, a drop of 5.3% from the July 31st total of 47,000 shares. Based on an average daily trading volume, of 19,600 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC acquired a new position in shares of DWS Strategic Municipal Income Trust in the 2nd quarter valued at $69,000. Blue Bell Private Wealth Management LLC grew its position in shares of DWS Strategic Municipal Income Trust by 110.4% in the first quarter. Blue Bell Private Wealth Management LLC now owns 10,319 shares of the investment management company’s stock valued at $92,000 after purchasing an additional 5,414 shares during the period. Catalina Capital Group LLC lifted its holdings in shares of 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 acquiring an additional 1,059 shares during the period. Whitebox Advisors LLC acquired a new stake in shares of DWS Strategic Municipal Income Trust during the 1st quarter worth $311,000. Finally, Logan Stone Capital LLC lifted its stake in shares of DWS Strategic Municipal Income Trust by 4.0% in the 2nd quarter. Logan Stone Capital LLC now owns 211,297 shares of the investment management company’s stock valued at $2,083,000 after purchasing an additional 8,115 shares in the last quarter. 53.77% of the stock is owned by institutional investors and hedge funds.

DWS Strategic Municipal Income Trust Trading Down 0.1 %

Shares of DWS Strategic Municipal Income Trust stock opened at $10.06 on Monday. DWS Strategic Municipal Income Trust has a 52-week low of $7.25 and a 52-week high of $10.15. The company has a 50 day moving average of $9.97 and a 200 day moving average of $9.56.

DWS Strategic Municipal Income Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.028 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.34%. This is an increase from DWS Strategic Municipal Income Trust’s previous monthly dividend of $0.03.

About DWS Strategic Municipal Income Trust

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.