DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Update

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 33,600 shares, an increase of 13.1% from the November 30th total of 29,700 shares. Based on an average trading volume of 21,900 shares, the days-to-cover ratio is presently 1.5 days.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.4 %

Shares of DTF stock traded up $0.05 during trading hours on Wednesday, hitting $11.22. 12,602 shares of the company were exchanged, compared to its average volume of 17,102. DTF Tax-Free Income 2028 Term Fund has a 1 year low of $10.63 and a 1 year high of $11.45. The firm has a fifty day moving average of $11.23 and a 200 day moving average of $11.20.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.0325 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.39 annualized dividend and a dividend yield of 3.48%.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

A number of institutional investors and hedge funds have recently made changes to their positions in DTF. J.W. Cole Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the third quarter valued at about $138,000. Virtu Financial LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth approximately $207,000. Sanctuary Advisors LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth approximately $216,000. Thrivent Financial for Lutherans purchased a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at approximately $308,000. Finally, Beverly Hills Private Wealth LLC lifted its position in DTF Tax-Free Income 2028 Term Fund by 105.2% during the second quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock valued at $641,000 after buying an additional 29,990 shares in the last quarter. 43.81% of the stock is currently owned by institutional investors and hedge funds.

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.