DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Sees Significant Drop in Short Interest

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 8,625 shares, a decrease of 20.9% from the February 26th total of 10,903 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 9,581 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

Several hedge funds have recently added to or reduced their stakes in DTF. Raymond James Financial Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at about $69,000. Garner Asset Management Corp acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $70,000. Hara Capital LLC raised its holdings in DTF Tax-Free Income 2028 Term Fund by 3.1% during the 2nd quarter. Hara Capital LLC now owns 255,607 shares of the investment management company’s stock worth $2,860,000 after buying an additional 7,642 shares during the period. Closed End Fund Advisors Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at approximately $165,000. Finally, Savvy Advisors Inc. acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at approximately $166,000. Institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF Tax-Free Income 2028 Term Fund stock traded up $0.02 during trading on Monday, reaching $11.37. The company’s stock had a trading volume of 1,597 shares, compared to its average volume of 7,942. The stock has a 50-day moving average price of $11.47 and a two-hundred day moving average price of $11.40. DTF Tax-Free Income 2028 Term Fund has a one year low of $10.95 and a one year high of $11.60.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a $0.0325 dividend. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, June 15th.

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.