DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Down 30.1% in March

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 16,700 shares, a drop of 30.1% from the February 28th total of 23,900 shares. Based on an average daily volume of 17,500 shares, the days-to-cover ratio is presently 1.0 days.

DTF Tax-Free Income 2028 Term Fund Price Performance

DTF traded down $0.03 on Monday, hitting $11.23. The company had a trading volume of 5,774 shares, compared to its average volume of 14,826. The stock has a fifty day moving average price of $11.29 and a 200-day moving average price of $11.26. DTF Tax-Free Income 2028 Term Fund has a 12-month low of $10.63 and a 12-month high of $11.45.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.0325 per share. The ex-dividend date is Monday, June 16th. This represents a $0.39 annualized dividend and a dividend yield of 3.47%.

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. GWN Securities Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $155,000. J.W. Cole Advisors Inc. grew its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 20.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company’s stock valued at $166,000 after buying an additional 2,500 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at $207,000. Corps Capital Advisors LLC purchased a new position in DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth $213,000. Finally, Sanctuary Advisors LLC lifted its position in DTF Tax-Free Income 2028 Term Fund by 14.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock worth $260,000 after acquiring an additional 3,000 shares during the period. 43.81% of the stock is owned by hedge funds and other institutional investors.

DTF Tax-Free Income 2028 Term Fund Company Profile

DTF Tax-Free Income 2028 Term Fund Inc is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities.