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 drop in short interest during the month of March. As of March 13th, there was short interest totaling 8,625 shares, a drop of 20.9% from the February 26th total of 10,903 shares. Based on an average daily volume of 9,581 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are sold short.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of DTF Tax-Free Income 2028 Term Fund stock opened at $11.34 on Friday. The business has a 50-day moving average price of $11.47 and a 200 day moving average price of $11.40. DTF Tax-Free Income 2028 Term Fund has a fifty-two week low of $10.95 and a fifty-two week high of $11.60.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a $0.0325 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, June 15th.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Focus Partners Wealth boosted its holdings in DTF Tax-Free Income 2028 Term Fund by 2,687.2% in the fourth quarter. Focus Partners Wealth now owns 480,856 shares of the investment management company’s stock worth $5,492,000 after purchasing an additional 463,604 shares during the period. LPL Financial LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth $204,000. Closed End Fund Advisors Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth $165,000. Avise Financial Cooperative Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth about $537,000. Finally, Garner Asset Management Corp bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth about $70,000. 43.81% of the stock is 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.