DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Update

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 10,847 shares, a decline of 21.8% from the January 29th total of 13,867 shares. Based on an average daily trading volume, of 3,208 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 3,208 shares, the days-to-cover ratio is currently 3.4 days.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of DTF opened at $11.57 on Monday. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.95 and a twelve month high of $11.60. The firm has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $11.39.

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. Stockholders of record on Monday, March 16th will be issued 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 is Monday, March 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the 2nd quarter worth approximately $36,000. Raymond James Financial Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter valued at approximately $69,000. Garner Asset Management Corp purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth $70,000. J.W. Cole Advisors Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund in the second quarter valued at $165,000. Finally, Closed End Fund Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 4th quarter valued at $165,000. Institutional investors own 43.81% of the company’s stock.

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.