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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 10,115 shares, a decrease of 35.1% from the May 14th total of 15,578 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 7,873 shares, the short-interest ratio is presently 1.3 days.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of DTF stock traded up $0.05 during trading hours on Tuesday, reaching $11.47. The company had a trading volume of 3,505 shares, compared to its average volume of 9,449. The stock has a fifty day moving average of $11.45 and a 200-day moving average of $11.43. DTF Tax-Free Income 2028 Term Fund has a 12-month low of $11.12 and a 12-month high of $11.60.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.0325 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.4%.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter worth $69,000. Garner Asset Management Corp acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at $70,000. Hara Capital LLC lifted its stake in DTF Tax-Free Income 2028 Term Fund by 4.7% in the fourth quarter. Hara Capital LLC now owns 288,189 shares of the investment management company’s stock worth $3,291,000 after acquiring an additional 12,898 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth approximately $165,000. Finally, Savvy Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth approximately $166,000. 43.81% of the stock is currently owned by institutional investors and hedge funds.

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.