Short Interest in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Expands By 303.3%

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 12,100 shares, a growth of 303.3% from the July 31st total of 3,000 shares. Based on an average trading volume of 11,500 shares, the short-interest ratio is currently 1.1 days.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.1 %

Shares of NYSE DTF traded up $0.01 during mid-day trading on Tuesday, hitting $11.28. The company had a trading volume of 14,313 shares, compared to its average volume of 14,930. The firm’s 50 day simple moving average is $11.12 and its two-hundred day simple moving average is $10.93. DTF Tax-Free Income 2028 Term Fund has a 12 month low of $10.29 and a 12 month high of $11.35.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.0325 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.39 annualized dividend and a dividend yield of 3.46%.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Hedge funds have recently added to or reduced their stakes in the business. Almitas Capital LLC grew its stake in shares of DTF Tax-Free Income 2028 Term Fund by 1.2% in the second quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock worth $3,872,000 after purchasing an additional 4,274 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its holdings in DTF Tax-Free Income 2028 Term Fund by 105.2% during the second quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock worth $641,000 after buying an additional 29,990 shares in the last quarter. Finally, Relative Value Partners Group LLC increased its stake in DTF Tax-Free Income 2028 Term Fund by 338.6% in the 4th quarter. Relative Value Partners Group LLC now owns 525,090 shares of the investment management company’s stock worth $5,645,000 after purchasing an additional 405,366 shares in the last quarter. 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 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.