DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Sees Large Drop in Short Interest

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a significant drop in short interest in 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 trading volume of 23,800 shares, the days-to-cover ratio is presently 1.0 days.

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

A number of large investors have recently bought and sold shares of DTF. GWN Securities Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth about $155,000. J.W. Cole Advisors Inc. grew its stake in DTF Tax-Free Income 2028 Term Fund by 20.4% during the fourth 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 in the last quarter. Virtu Financial LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the third quarter worth about $207,000. Corps Capital Advisors LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth about $213,000. Finally, Sanctuary Advisors LLC grew its stake in DTF Tax-Free Income 2028 Term Fund by 14.9% during the third quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock worth $260,000 after buying an additional 3,000 shares in the last quarter. 43.81% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of DTF Tax-Free Income 2028 Term Fund stock opened at $11.23 on Tuesday. DTF Tax-Free Income 2028 Term Fund has a 12-month low of $10.63 and a 12-month high of $11.45. The firm’s 50-day moving average price is $11.28 and its two-hundred day moving average price is $11.27.

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.