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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 38,000 shares, an increase of 590.9% from the October 15th total of 5,500 shares. Based on an average daily trading volume, of 10,300 shares, the days-to-cover ratio is currently 3.7 days.

DTF Tax-Free Income 2028 Term Fund Stock Performance

DTF traded down $0.02 during trading hours on Tuesday, hitting $11.33. 8,657 shares of the stock were exchanged, compared to its average volume of 14,028. The stock has a 50-day simple moving average of $11.28 and a 200-day simple moving average of $11.12. DTF Tax-Free Income 2028 Term Fund has a 12 month low of $10.62 and a 12 month high of $11.45.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.44%. The ex-dividend date is Monday, December 16th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of DTF. J.W. Cole Advisors Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund during the third quarter valued at about $138,000. Sanctuary Advisors LLC purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $216,000. Thrivent Financial for Lutherans purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter valued at $308,000. Beverly Hills Private Wealth LLC increased its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 105.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock valued at $641,000 after purchasing an additional 29,990 shares during the period. Finally, Almitas Capital LLC boosted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 1.2% during the 2nd 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 period. Institutional investors 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.