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

by · The Markets Daily

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 15,820 shares, an increase of 42.9% from the November 30th total of 11,067 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 3,922 shares, the short-interest ratio is currently 4.0 days. Based on an average daily trading volume, of 3,922 shares, the short-interest ratio is currently 4.0 days. Currently, 0.2% of the shares of the company are short sold.

DTF Tax-Free Income 2028 Term Fund Stock Down 0.2%

DTF Tax-Free Income 2028 Term Fund stock traded down $0.02 during mid-day trading on Wednesday, reaching $11.38. 4,485 shares of the stock traded hands, compared to its average volume of 7,800. DTF Tax-Free Income 2028 Term Fund has a 12-month low of $10.95 and a 12-month high of $11.50. The business’s 50-day moving average is $11.35 and its 200-day moving average is $11.32.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.0325 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, March 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DTF. Seven Mile Advisory purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at about $1,446,000. Hara Capital LLC grew its stake in DTF Tax-Free Income 2028 Term Fund by 7.7% during the third quarter. Hara Capital LLC now owns 275,291 shares of the investment management company’s stock valued at $3,147,000 after acquiring an additional 19,684 shares in the last quarter. Focus Partners Wealth bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter valued at about $190,000. Nuveen LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the first quarter valued at about $180,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter worth about $165,000. Hedge funds and other institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Company Profile

(Get Free Report)

DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.

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