DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Sees Significant Growth in Short Interest

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a significant increase in short interest in 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 3,922 shares, the days-to-cover ratio is currently 4.0 days. Based on an average daily trading volume, of 3,922 shares, the days-to-cover ratio is currently 4.0 days. Approximately 0.2% of the shares of the company are sold short.

DTF Tax-Free Income 2028 Term Fund Price Performance

NYSE:DTF traded up $0.05 during trading hours on Monday, hitting $11.39. 31,234 shares of the stock traded hands, compared to its average volume of 7,747. DTF Tax-Free Income 2028 Term Fund has a 1 year low of $10.95 and a 1 year high of $11.50. The stock has a 50 day moving average price of $11.35 and a 200 day moving average price of $11.31.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

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

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

Institutional investors have recently bought and sold shares of the stock. Financial Gravity Companies Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter valued at about $36,000. Raymond James Financial Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at approximately $69,000. Beverly Hills Private Wealth LLC increased its stake in DTF Tax-Free Income 2028 Term Fund by 2.3% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 313,043 shares of the investment management company’s stock worth $3,503,000 after acquiring an additional 6,955 shares during the last quarter. Hara Capital LLC increased its stake in DTF Tax-Free Income 2028 Term Fund by 3.1% in the 2nd quarter. Hara Capital LLC now owns 255,607 shares of the investment management company’s stock worth $2,860,000 after acquiring an additional 7,642 shares during the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth approximately $165,000. 43.81% of the stock is owned by hedge funds and other institutional investors.

DTF Tax-Free Income 2028 Term Fund Company Profile

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.