Short Interest in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Increases By 5.1%

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 8,300 shares, a growth of 5.1% from the August 31st total of 7,900 shares. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Almitas Capital LLC lifted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 1.2% in the 2nd quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock valued at $3,872,000 after purchasing an additional 4,274 shares during the period. Beverly Hills Private Wealth LLC lifted its stake 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, Sanctuary Advisors LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $216,000. Hedge funds and other institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.3 %

DTF stock traded up $0.03 during trading on Tuesday, hitting $11.30. 12,571 shares of the company traded hands, compared to its average volume of 14,524. DTF Tax-Free Income 2028 Term Fund has a 1 year low of $10.29 and a 1 year high of $11.45. The company has a 50-day moving average of $11.25 and a 200-day moving average of $11.00.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Monday, December 16th.

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.