Short Interest in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Rises By 13.1%

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 33,600 shares, a growth of 13.1% from the November 30th total of 29,700 shares. Based on an average trading volume of 21,900 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Institutional investors and hedge funds have recently modified their holdings of the business. J.W. Cole Advisors Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at $138,000. Virtu Financial LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at $207,000. Sanctuary Advisors LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at about $216,000. Thrivent Financial for Lutherans bought a new stake in DTF Tax-Free Income 2028 Term Fund during the third quarter worth about $308,000. Finally, Beverly Hills Private Wealth LLC boosted its stake in DTF Tax-Free Income 2028 Term Fund by 105.2% in the second quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock worth $641,000 after buying an additional 29,990 shares in the last quarter. Hedge funds and other institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.4 %

Shares of DTF Tax-Free Income 2028 Term Fund stock traded up $0.04 during trading on Monday, hitting $11.17. The stock had a trading volume of 46,441 shares, compared to its average volume of 17,120. DTF Tax-Free Income 2028 Term Fund has a 12 month low of $10.63 and a 12 month high of $11.45. The business’s 50-day moving average is $11.23 and its 200 day moving average is $11.20.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0325 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.39 dividend on an annualized basis and a yield of 3.49%.

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.