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 the month of October. As of October 15th, there was short interest totalling 5,500 shares, an increase of 139.1% from the September 30th total of 2,300 shares. Based on an average trading volume of 11,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

A number of large investors have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth about $138,000. Sanctuary Advisors LLC purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth approximately $216,000. Beverly Hills Private Wealth LLC raised its stake in DTF Tax-Free Income 2028 Term Fund by 105.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock valued at $641,000 after purchasing an additional 29,990 shares during the period. Finally, Almitas Capital LLC lifted its holdings 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 in the last quarter. 43.81% of the stock is currently owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.1 %

DTF Tax-Free Income 2028 Term Fund stock opened at $11.20 on Monday. DTF Tax-Free Income 2028 Term Fund has a 12-month low of $10.33 and a 12-month high of $11.45. The firm has a 50 day simple moving average of $11.28 and a 200-day simple moving average of $11.07.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.0325 per share. The ex-dividend date is Monday, December 16th. This represents a $0.39 annualized dividend and a dividend yield of 3.48%.

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.