DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Update

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 14,200 shares, a decrease of 15.0% from the March 15th total of 16,700 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Institutional investors have recently modified their holdings of the company. GWN Securities Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth $155,000. J.W. Cole Advisors Inc. lifted its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 20.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company’s stock worth $166,000 after acquiring an additional 2,500 shares during the period. Virtu Financial LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at about $207,000. Corps Capital Advisors LLC bought a new stake in DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at about $213,000. Finally, Sanctuary Advisors LLC raised its position in DTF Tax-Free Income 2028 Term Fund by 14.9% in the third quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock worth $260,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Stock Performance

NYSE DTF traded up $0.03 during midday trading on Tuesday, hitting $11.09. The company had a trading volume of 129 shares, compared to its average volume of 14,613. The firm has a fifty day simple moving average of $11.24 and a two-hundred day simple moving average of $11.24. DTF Tax-Free Income 2028 Term Fund has a fifty-two week low of $10.64 and a fifty-two week high of $11.45.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.0325 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.39 annualized dividend and a yield of 3.52%.

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.