DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Up 13.1% in December

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 33,600 shares, an increase of 13.1% from the November 30th total of 29,700 shares. Based on an average daily trading volume, of 21,900 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at $138,000. Virtu Financial LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth about $207,000. Sanctuary Advisors LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at about $216,000. Thrivent Financial for Lutherans acquired a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at about $308,000. Finally, Beverly Hills Private Wealth LLC boosted its stake 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 during the period. 43.81% of the stock is currently owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Price Performance

DTF Tax-Free Income 2028 Term Fund stock traded up $0.05 during midday trading on Wednesday, hitting $11.22. 12,602 shares of the stock were exchanged, compared to its average volume of 17,102. The stock’s 50-day simple moving average is $11.23 and its 200 day simple moving average is $11.20. DTF Tax-Free Income 2028 Term Fund has a fifty-two week low of $10.63 and a fifty-two week high of $11.45.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.0325 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.48%.

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.