Short Interest in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Drops By 15.8%

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

DTF Tax-Free Income 2028 Term Fund Stock Performance

DTF stock traded down $0.01 during trading on Thursday, hitting $11.18. The company had a trading volume of 3,500 shares, compared to its average volume of 15,553. 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 50-day moving average price of $11.28 and a 200-day moving average price of $11.26.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, June 16th.

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

Institutional investors have recently added to or reduced their stakes in the stock. GWN Securities Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $155,000. J.W. Cole Advisors Inc. increased its position 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 purchasing an additional 2,500 shares during the period. Virtu Financial LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth approximately $207,000. Corps Capital Advisors LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $213,000. Finally, Sanctuary Advisors LLC increased 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 purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds 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.