KSM Stock Summary and Trading Ideas (DWS Strategic Muni Income Trust | NYSE:KSM)

The fund seeks a high level of current income exempt from federal income tax. The fund invests at least 50% of its assets in investment-grade municipal securities or unrated municipal securities of comparable quality, and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.

DWS Strategic Muni Income Trust trades on the NYSE stock market under the symbol KSM.

As of April 19, 2024, KSM stock price climbed to $9.47 with 992 million shares trading.

KSM has a beta of 0.59, meaning it tends to be less sensitive to market movements. KSM has a correlation of 0.22 to the broad based SPY ETF.

KSM has a market cap of $104.62 million. This is considered a Micro Cap stock.

In the last 3 years, KSM stock traded as high as $12.99 and as low as $7.25.

KSM stock has underperformed the market in the last year with a return of +16.5%, while SPY returned +21.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in KSM shares. However, KSM has outperformed the market in the last 3 month and 2 week periods, returning +10.7% and -0.4%, while SPY returned +4.8% and -3.0%, respectively. This indicates KSM has been having a stronger performance recently.

KSM support price is $9.39 and resistance is $9.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KSM stock will trade within this expected range on the day.