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 target of a large increase in short interest in August. As of August 31st, there was short interest totalling 5,500 shares, an increase of 66.7% from the August 15th total of 3,300 shares. Based on an average trading volume of 12,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in DTF Tax-Free Income 2028 Term Fund by 6.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,877 shares of the investment management company’s stock valued at $173,000 after purchasing an additional 902 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 7.5% in the first quarter. First Trust Advisors LP now owns 28,211 shares of the investment management company’s stock valued at $366,000 after buying an additional 1,963 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in DTF Tax-Free Income 2028 Term Fund by 1.3% during the 4th quarter. Sit Investment Associates Inc. now owns 183,499 shares of the investment management company’s stock worth $2,002,000 after buying an additional 2,309 shares in the last quarter. Dakota Wealth Management lifted its position in DTF Tax-Free Income 2028 Term Fund by 16.2% during the 1st quarter. Dakota Wealth Management now owns 22,557 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 3,142 shares during the period. Finally, Almitas Capital LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter valued at $66,000. 37.40% of the stock is currently owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.4 %

Shares of DTF Tax-Free Income 2028 Term Fund stock opened at $10.82 on Friday. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.53 and a twelve month high of $11.73. The business’s 50 day simple moving average is $10.91 and its 200-day simple moving average is $10.90.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.0325 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.60%.

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.