DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Up 590.9% in October

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 38,000 shares, an increase of 590.9% from the October 15th total of 5,500 shares. Based on an average trading volume of 10,300 shares, the short-interest ratio is presently 3.7 days.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of DTF stock traded down $0.02 on Tuesday, hitting $11.33. The stock had a trading volume of 8,657 shares, compared to its average volume of 14,028. DTF Tax-Free Income 2028 Term Fund has a 1 year low of $10.62 and a 1 year high of $11.45. The company’s 50 day moving average price is $11.28 and its 200-day moving average price is $11.12.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beverly Hills Private Wealth LLC raised its position in DTF Tax-Free Income 2028 Term Fund by 105.2% during the 2nd 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 last quarter. Almitas Capital LLC raised its holdings in DTF Tax-Free Income 2028 Term Fund by 1.2% during the second quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock worth $3,872,000 after purchasing an additional 4,274 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the second quarter valued at about $216,000. J.W. Cole Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at approximately $138,000. Finally, Hara Capital LLC raised its stake in shares of DTF Tax-Free Income 2028 Term Fund by 27.6% during the 3rd 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. Institutional investors and hedge funds own 43.81% of the company’s stock.

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.