DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF – Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 62,500 shares, an increase of 86.0% from the December 15th total of 33,600 shares. Based on an average daily trading volume, of 24,500 shares, the days-to-cover ratio is presently 2.6 days.
Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC grew its position in DTF Tax-Free Income 2028 Term Fund by 14.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock valued at $260,000 after purchasing an additional 3,000 shares during the period. Almitas Capital LLC grew its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 1.2% during the second quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock valued at $3,872,000 after buying an additional 4,274 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth about $138,000. Virtu Financial LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth about $207,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth about $308,000. Institutional investors own 43.81% of the company’s stock.
DTF Tax-Free Income 2028 Term Fund Stock Performance
Shares of DTF stock traded down $0.06 during trading hours on Thursday, hitting $11.23. 18,418 shares of the company were exchanged, compared to its average volume of 22,162. DTF Tax-Free Income 2028 Term Fund has a fifty-two week low of $10.63 and a fifty-two week high of $11.45. The company has a 50 day simple moving average of $11.23 and a two-hundred day simple moving average of $11.22.
DTF Tax-Free Income 2028 Term Fund Announces Dividend
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.
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