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Certain DWS Closed-End Funds Declare Monthly Distributions
Business Wire (Tue, 7-May 4:35 PM ET)
Business Wire (Thu, 28-Mar 4:35 PM ET)
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 May 7, 2024, KSM stock price climbed to $9.60 with 23,132 million shares trading.
KSM has a beta of 0.53, 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 $106.03 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 has underperformed the market in the last year with a price return of +18.3% while the SPY ETF gained +27.0%. However, in the short term, KSM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.2% vs +5.0% return in SPY. But in the last 2 weeks, KSM shares have been beat by the market, returning +1.9% compared to an SPY return of +3.5%.
KSM support price is $9.50 and resistance is $9.64 (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.