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

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

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of NYSE:DTF traded down $0.01 during midday 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 twelve month low of $10.63 and a twelve month high of $11.45. The business’s 50-day simple moving average is $11.28 and its 200-day simple moving average is $11.26.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.0325 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.39 annualized dividend and a yield of 3.49%.

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

A number of institutional investors have recently modified their holdings of the company. Beverly Hills Private Wealth LLC grew its stake in shares of DTF Tax-Free Income 2028 Term Fund by 146.6% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 248,947 shares of the investment management company’s stock valued at $2,792,000 after buying an additional 148,014 shares in the last quarter. Sit Investment Associates Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at $6,946,000. GWN Securities Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at $155,000. Corps Capital Advisors LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth about $213,000. Finally, J.W. Cole Advisors Inc. lifted its holdings 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. 43.81% of the stock is owned by institutional investors and hedge funds.

About DTF Tax-Free Income 2028 Term Fund

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.