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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 21,525 shares, a growth of 36.1% from the December 15th total of 15,820 shares. Based on an average daily trading volume, of 11,732 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 11,732 shares, the short-interest ratio is presently 1.8 days.

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

Several hedge funds have recently bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter valued at about $36,000. Raymond James Financial Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth approximately $69,000. J.W. Cole Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at approximately $165,000. Focus Partners Wealth acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the first quarter valued at approximately $190,000. Finally, Seven Mile Advisory purchased a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter worth $1,446,000. Institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Stock Performance

DTF Tax-Free Income 2028 Term Fund stock traded down $0.01 during midday trading on Monday, reaching $11.42. The stock had a trading volume of 29,808 shares, compared to its average volume of 10,853. DTF Tax-Free Income 2028 Term Fund has a 52-week low of $10.95 and a 52-week high of $11.50. The company has a fifty day moving average of $11.36 and a 200 day moving average of $11.33.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently declared 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. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, March 16th.

About DTF Tax-Free Income 2028 Term Fund

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.