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

The fund seeks to provide high current income exempt from federal income tax by investing in a diversified portfolio of investment-grade, tax-exempt securities.

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

As of April 18, 2024, KTF stock price was flat at $9.32 with 45,380 million shares trading.

KTF has a beta of 0.55, meaning it tends to be less sensitive to market movements. KTF has a correlation of 0.22 to the broad based SPY ETF.

KTF has a market cap of $365.09 million. This is considered a Small Cap stock.

In the last 3 years, KTF stock traded as high as $12.58 and as low as $7.40.

KTF has underperformed the market in the last year with a return of +9.6%, while the SPY ETF gained +22.3%. In the last 3 month period, KTF fell short of the market, returning +5.9%, while SPY returned +6.1%. However, in the most recent 2 weeks KTF has outperformed the stock market by returning -2.6%, while SPY returned -3.8%.

KTF support price is $9.25 and resistance is $9.38 (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 KTF stock will trade within this expected range on the day.