Ownership Action Report: DWS Strategic Income Trust Stock Rise in Q2 2016 Driven by Institutional Investors

November 17, 2016 - By Nellie Frank   ·   0 Comments

Ownership Action Report: DWS Strategic Income Trust Stock Rise in  Q2 2016 Driven by Institutional Investors

Sentiment for DWS Strategic Income Trust (NYSE:KST)

DWS Strategic Income Trust (NYSE:KST) institutional sentiment decreased to 0.8 in Q2 2016. Its down -0.42, from 1.22 in 2016Q1. The ratio worsened, as 8 hedge funds increased and started new equity positions, while 10 reduced and sold their stock positions in DWS Strategic Income Trust. The hedge funds in our partner’s database now hold: 1.37 million shares, up from 1.20 million shares in 2016Q1. Also, the number of hedge funds holding DWS Strategic Income Trust in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 8 Increased: 8 New Position: 0.

Deutsche Strategic Income Trust is a closed-end, diversified management investment company. The company has a market cap of $51.43 million. The Fund’s investment objective is to provide high current income. It currently has negative earnings. The Fund seeks to achieve its objective by investing its assets in a combination of lower-rated corporate fixed-income securities; fixed-income securities of markets and other foreign issuers, and fixed-income securities of the United States Government and its agencies and instrumentalities and private mortgage-backed issuers.

About 5,200 shares traded hands. Deutsche Strategic Income Trust (NYSE:KST) has risen 5.02% since April 15, 2016 and is uptrending. It has outperformed by 0.40% the S&P500.

Saba Capital Management L.P. holds 0.43% of its portfolio in Deutsche Strategic Income Trust for 416,155 shares. Mariner Investment Group Llc owns 39,526 shares or 0.15% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.12% invested in the company for 159,352 shares. The Colorado-based Icon Advisers Inc Co has invested 0.11% in the stock. Sii Investments Inc Wi, a Wisconsin-based fund reported 60,283 shares.#img1#

KST Company Profile

DWS Strategic Income Trust (the Fund) is a diversified closed-end management investment company. The Fund seeks to provide high current income by investing its assets in a combination of lower-rated corporate fixed-income securities; fixed-income securities of emerging markets and other foreign issuers, and fixed-income securities of the United States Government and its agencies, and instrumentalities and mortgage-backed issuers. The Fund’s portfolio includes United States dollar-denominated foreign bonds, corporate bonds, loan participations, and non-United States, dollar-denominated foreign bonds.

More notable recent Deutsche Strategic Income Trust (NYSE:KST) news were published by: Businesswire.com which released: “Deutsche Multi-Market Income Trust and Deutsche Strategic Income Trust …” on October 03, 2016, also Businesswire.com with their article: “Certain Deutsche Closed-End Funds Announce Termination of Trust and …” published on July 13, 2016, Prnewswire.com published: “Western Investment Submits Proposals to Declassify the Boards of Two Deutsche …” on July 19, 2016. More interesting news about Deutsche Strategic Income Trust (NYSE:KST) were released by: Businesswire.com and their article: “Certain Deutsche Closed-End Funds Announce Extension of Share Repurchase Programs” published on September 21, 2016 as well as Businesswire.com‘s news article titled: “Certain DWS Closed-End Funds Announce Name Changes” with publication date: June 04, 2014.

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By Nellie Frank


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