DWS Strategic Municipal Income Trust (NYSE:KSM – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 3,200 shares, a drop of 76.6% from the September 30th total of 13,700 shares. Based on an average trading volume of 21,600 shares, the days-to-cover ratio is currently 0.1 days.
DWS Strategic Municipal Income Trust Trading Up 0.2 %
KSM traded up $0.02 on Friday, reaching $10.07. The company had a trading volume of 5,285 shares, compared to its average volume of 25,006. DWS Strategic Municipal Income Trust has a 52-week low of $7.25 and a 52-week high of $10.25. The business has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $9.87.
DWS Strategic Municipal Income Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a $0.023 dividend. The ex-dividend date is Thursday, October 17th. This represents a $0.28 dividend on an annualized basis and a yield of 2.74%.
Institutional Inflows and Outflows
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.
Featured Articles
- Five stocks we like better than DWS Strategic Municipal Income Trust
- How to Invest in Insurance Companies: A GuideĀ
- Texas Roadhouse Stock Steering for New Highs This Year
- What is MarketRankā¢? How to Use it
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for DWS Strategic Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Strategic Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.