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 in December. As of December 31st, there was short interest totalling 62,500 shares, an increase of 86.0% from the December 15th total of 33,600 shares. Based on an average trading volume of 24,500 shares, the days-to-cover ratio is currently 2.6 days.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.5 %

DTF stock traded down $0.06 during midday trading on Thursday, reaching $11.23. 18,418 shares of the stock were exchanged, compared to its average volume of 22,162. DTF Tax-Free Income 2028 Term Fund has a 52 week low of $10.63 and a 52 week high of $11.45. The company has a fifty day moving average price of $11.23 and a 200 day moving average price of $11.22.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company 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 $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DTF. J.W. Cole Advisors Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at about $138,000. Virtu Financial LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth $207,000. Sanctuary Advisors LLC bought a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter worth $216,000. Thrivent Financial for Lutherans acquired a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at $308,000. Finally, Almitas Capital LLC lifted its holdings in 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 buying an additional 4,274 shares during the period. Institutional investors own 43.81% of the company’s stock.

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.