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 May 1, 2024, KTF stock price climbed to $9.33 with 128,051 million shares trading.

KTF has a beta of 0.48, meaning it tends to be less sensitive to market movements. KTF has a correlation of 0.19 to the broad based SPY ETF.

KTF has a market cap of $365.48 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 price return of +11.5% while the SPY ETF gained +23.3%. However, in the short term, KTF had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.2% vs +3.5% return in SPY. But in the last 2 weeks, KTF shares have been beat by the market, returning +0.4% compared to an SPY return of +0.6%.

KTF support price is $9.25 and resistance is $9.37 (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.