DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Sees Large Decline in Short Interest

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 23,900 shares, a decrease of 15.8% from the February 13th total of 28,400 shares. Based on an average daily trading volume, of 23,800 shares, the days-to-cover ratio is currently 1.0 days.

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

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

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of NYSE DTF traded down $0.02 during mid-day trading on Wednesday, reaching $11.18. 14,197 shares of the company’s stock were exchanged, compared to its average volume of 15,602. The company’s 50-day moving average is $11.28 and its 200-day moving average is $11.26. DTF Tax-Free Income 2028 Term Fund has a 52-week low of $10.63 and a 52-week high of $11.45.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently announced 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. This represents a $0.39 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, June 16th.

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.