DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Down 27.2% in January

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 15,678 shares, a drop of 27.2% from the December 31st total of 21,525 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 11,746 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 11,746 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.2% of the company’s stock are short sold.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of NYSE DTF traded up $0.03 during trading on Friday, hitting $11.47. 3,425 shares of the company traded hands, compared to its average volume of 10,415. The business’s fifty day moving average is $11.38 and its 200 day moving average is $11.35. DTF Tax-Free Income 2028 Term Fund has a fifty-two week low of $10.95 and a fifty-two week high of $11.50.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 3.4%.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Hedge funds have recently bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the second quarter worth $36,000. Raymond James Financial Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth $69,000. Savvy Advisors Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth about $166,000. J.W. Cole Advisors Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter worth about $165,000. Finally, Focus Partners Wealth bought a new position in DTF Tax-Free Income 2028 Term Fund during the first quarter valued at about $190,000. Institutional investors and hedge funds 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.