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 significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 16,700 shares, a decline of 30.1% from the February 28th total of 23,900 shares. Based on an average trading volume of 17,500 shares, the short-interest ratio is currently 1.0 days.

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. Sit Investment Associates Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth approximately $6,946,000. Kovitz Investment Group Partners LLC purchased a new position in DTF Tax-Free Income 2028 Term Fund during the third quarter worth approximately $5,819,000. Beverly Hills Private Wealth LLC boosted its stake in DTF Tax-Free Income 2028 Term Fund by 146.6% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 248,947 shares of the investment management company’s stock worth $2,792,000 after buying an additional 148,014 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at $308,000. Finally, Corps Capital Advisors LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth $213,000. 43.81% of the stock is currently owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.0 %

NYSE DTF traded up $0.01 during mid-day trading on Friday, hitting $11.25. The stock had a trading volume of 8,829 shares, compared to its average volume of 14,862. The firm’s 50 day moving average is $11.29 and its 200 day moving average is $11.26. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.63 and a twelve 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 Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Monday, June 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.