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 drop in short interest in May. As of May 29th, there was short interest totaling 10,115 shares, a drop of 35.1% from the May 14th total of 15,578 shares. Based on an average daily trading volume, of 7,873 shares, the short-interest ratio is currently 1.3 days. Approximately 0.1% of the company’s stock are sold short.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF stock traded up $0.05 during mid-day trading on Tuesday, hitting $11.47. 3,505 shares of the stock were exchanged, compared to its average volume of 9,449. The stock’s fifty day simple moving average is $11.45 and its two-hundred day simple moving average is $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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0325 per share. The ex-dividend date of this dividend is Tuesday, September 15th. 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter worth about $69,000. Garner Asset Management Corp purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth about $70,000. Closed End Fund Advisors Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth about $165,000. Savvy Advisors Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth about $166,000. Finally, Focus Partners Wealth purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the first quarter worth about $190,000. Hedge funds and other institutional investors own 43.81% of the company’s stock.

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.