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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 16,700 shares, a decline of 30.1% from the February 28th total of 23,900 shares. Based on an average daily volume of 17,500 shares, the short-interest ratio is currently 1.0 days.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF traded up $0.04 during trading hours on Tuesday, reaching $11.25. The company had a trading volume of 3,706 shares, compared to its average volume of 14,764. 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 has a 50 day simple moving average of $11.29 and a 200-day simple moving average of $11.26.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.0325 per share. The ex-dividend date is Monday, June 16th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.47%.

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

A number of institutional investors and hedge funds have recently modified their holdings of DTF. J.W. Cole Advisors Inc. raised its holdings 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 purchasing an additional 2,500 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of DTF Tax-Free Income 2028 Term Fund by 14.9% during the 3rd 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 during the last quarter. GWN Securities Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth about $155,000. Virtu Financial LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at about $207,000. Finally, Corps Capital Advisors LLC purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 43.81% of the company’s stock.

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.