Short Interest in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Rises By 13.1%

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a large increase in short interest in 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.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

A number of hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC raised its stake in DTF Tax-Free Income 2028 Term Fund by 14.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock valued at $260,000 after acquiring an additional 3,000 shares during the period. Almitas Capital LLC raised its position in shares of DTF Tax-Free Income 2028 Term Fund by 1.2% in the second quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock valued at $3,872,000 after purchasing an additional 4,274 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at approximately $138,000. Virtu Financial LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth approximately $207,000. Finally, Thrivent Financial for Lutherans bought a new stake in DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at $308,000. 43.81% of the stock is currently owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Price Performance

DTF traded up $0.04 during mid-day trading on Monday, reaching $11.17. 46,441 shares of the stock were exchanged, compared to its average volume of 17,120. The company has a 50 day moving average price of $11.23 and a two-hundred day moving average price of $11.20. DTF Tax-Free Income 2028 Term Fund has a 1 year low of $10.63 and a 1 year high of $11.45.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0325 per share. The ex-dividend date is Monday, March 17th. This represents a $0.39 dividend on an annualized basis and a yield of 3.49%.

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.