Deutsche Municiple Income Trust (KTF) Hits 52-Week Low


The company is down by 0.25%% since yesterday’s close of 12.17. Shares of the company are trading at $12.14 which is just under the 50 day moving average which is $12.70 and which is a tad under the 200 day moving average of $13.19. The 50 day moving average went down $-0.56 or -4.43% whereas the 200 day moving average was down $-1.05 or -7.96%.

Traders are more bullish on the company lately if you pay attention to the motion in short interest. The stock had a fall in short interest from September 15, 2017 to September 29, 2017 of -46.13%. Short interest fell 26,545 over that timeframe.

DWS Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Under the Investment Management Agreement with Deutsche Investment Management Americas Inc. (the Advisor), an indirect wholly owned subsidiary of Deutsche Bank AG, the Advisor directs the investments of the Fund in accordance with its investment objectives, policies and restrictions..

A few notable investment firms have updated their holdings. Ubs Group Ag trimmed its stake by shedding 42,398 shares a decrease of 6.7% as of 06/30/2017. Ubs Group Ag controls 594,916 shares with a value of $8,031,000. The total value of its holdings decreased 4.9%. Creative Planning augmented its holdings by buying 2,580 shares an increase of 13.4%. Creative Planning currently owns 21,857 shares valued at $278,000. The value of the position overall is up by 6.9%.

As of quarter end Capital Investment Advisors, LLC had sold a total of 3,104 shares trimming its holdings by 3.1%. The value of the company’s investment in Deutsche Municiple Income Trust went from $1,367,000 to $1,247,000 a change of $120,000 quarter over quarter. As of the end of the quarter Sit Investment Associates Inc had disposed of 44,209 shares trimming its stake by 49.9%. The value of the investment in Deutsche Municiple Income Trust decreased from $1,196,000 to $564,000 a change of 52.8% since the last quarter.