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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 38,000 shares, an increase of 590.9% from the October 15th total of 5,500 shares. Based on an average daily trading volume, of 10,300 shares, the days-to-cover ratio is currently 3.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DTF. Hara Capital LLC lifted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 27.6% in the 3rd quarter. Hara Capital LLC now owns 462,306 shares of the investment management company’s stock valued at $5,210,000 after purchasing an additional 100,075 shares during the period. Beverly Hills Private Wealth LLC raised its stake 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 during the last quarter. Thrivent Financial for Lutherans purchased a new position in DTF Tax-Free Income 2028 Term Fund during the third quarter valued at $308,000. Sanctuary Advisors LLC purchased a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at $216,000. Finally, J.W. Cole Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the third quarter valued at $138,000. Hedge funds and other institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.2 %

NYSE DTF traded down $0.02 on Wednesday, hitting $11.33. The company’s stock had a trading volume of 814 shares, compared to its average volume of 13,968. DTF Tax-Free Income 2028 Term Fund has a 52-week low of $10.62 and a 52-week high of $11.45. The company’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $11.12.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, December 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.