DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Up 86.0% in January

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 62,500 shares, a growth of 86.0% from the December 31st total of 33,600 shares. Based on an average trading volume of 24,500 shares, the days-to-cover ratio is presently 2.6 days.

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

Shares of DTF Tax-Free Income 2028 Term Fund stock traded up $0.02 during trading on Wednesday, hitting $11.27. 1,028 shares of the stock traded hands, compared to its average volume of 16,325. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.63 and a twelve month high of $11.45. The company has a fifty day moving average price of $11.22 and a two-hundred day moving average price of $11.23.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, March 17th.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Institutional investors and hedge funds have recently modified their holdings of the company. J.W. Cole Advisors Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter worth $138,000. Virtu Financial LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the third quarter worth about $207,000. Sanctuary Advisors LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter worth about $216,000. Thrivent Financial for Lutherans bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth about $308,000. Finally, Hara Capital LLC grew its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 27.6% during the third quarter. Hara Capital LLC now owns 462,306 shares of the investment management company’s stock worth $5,210,000 after buying an additional 100,075 shares in the last quarter. 43.81% of the stock is currently owned by institutional investors.

About DTF Tax-Free Income 2028 Term Fund

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.