DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Sees Significant Decrease in Short Interest
by Amy Steele · The Cerbat GemDTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF – Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 15,678 shares, a decrease of 27.2% from the December 31st total of 21,525 shares. Based on an average trading volume of 11,746 shares, the short-interest ratio is presently 1.3 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 11,746 shares, the short-interest ratio is presently 1.3 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in DTF. Seven Mile Advisory purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth about $1,446,000. Hara Capital LLC boosted its position in DTF Tax-Free Income 2028 Term Fund by 7.7% during the third quarter. Hara Capital LLC now owns 275,291 shares of the investment management company’s stock worth $3,147,000 after purchasing an additional 19,684 shares during the period. Focus Partners Wealth purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter worth about $190,000. J.W. Cole Advisors Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter valued at approximately $165,000. Finally, Savvy Advisors Inc. bought a new stake 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 Trading Up 0.2%
Shares of DTF stock traded up $0.03 during trading hours on Friday, hitting $11.47. 3,425 shares of the company were exchanged, compared to its average volume of 10,415. The firm has a fifty day simple moving average of $11.38 and a 200 day simple moving average of $11.35. DTF Tax-Free Income 2028 Term Fund has a 52-week low of $10.95 and a 52-week high of $11.50.
DTF Tax-Free Income 2028 Term Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a $0.0325 dividend. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 3.4%.
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.