DWS Strategic Municipal Income Trust (NYSE:KSM) Short Interest Down 76.6% in October

DWS Strategic Municipal Income Trust (NYSE:KSM) 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

Several large investors have recently made changes to their positions in the business. Almitas Capital LLC grew its holdings in shares of DWS Strategic Municipal Income Trust by 111.2% during the 2nd quarter. Almitas Capital LLC now owns 276,617 shares of the investment management company’s stock valued at $2,727,000 after purchasing an additional 145,631 shares during the last quarter. Logan Stone Capital LLC grew its stake in shares of DWS Strategic Municipal Income Trust by 4.0% during the second quarter. Logan Stone Capital LLC now owns 211,297 shares of the investment management company’s stock valued at $2,083,000 after buying an additional 8,115 shares during the last quarter. Ackerman Capital Advisors LLC purchased a new position in shares of DWS Strategic Municipal Income Trust in the third quarter worth about $484,000. International Assets Investment Management LLC bought a new stake in shares of DWS Strategic Municipal Income Trust in the 3rd quarter valued at about $4,216,000. Finally, Whitebox Advisors LLC purchased a new stake in DWS Strategic Municipal Income Trust during the 1st quarter valued at about $311,000. 53.77% of the stock is owned by hedge funds and other institutional investors.

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.