DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Shares Shorted: Short Interest Up 66.9% in September

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 19,738 shares, a growth of 66.9% from the September 15th total of 11,827 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 9,465 shares, the days-to-cover ratio is currently 2.1 days.

DTF Tax-Free Income 2028 Term Fund Trading Up 1.6%

Shares of NYSE:DTF opened at $11.44 on Friday. DTF Tax-Free Income 2028 Term Fund has a 12-month low of $11.14 and a 12-month high of $11.60. The business’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $11.45.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, December 15th.

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the second quarter worth about $116,000. Corient Private Wealth LP bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at about $203,000. 49 Wealth Management LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at about $258,000. Avise Financial Cooperative Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter worth approximately $542,000. Finally, Hara Capital LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter worth approximately $3,554,000. Hedge funds and other institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Company Profile

DTF Tax-Free Income 2028 Term Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DTF. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal securities.

The fund invests in debt obligations issued by states, municipalities and other governmental entities or agencies across the United States. These securities may finance public projects and services such as transportation, education, health care, utilities and other essential infrastructure.