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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 21,525 shares, a growth of 36.1% from the December 15th total of 15,820 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 11,732 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 11,732 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Several large investors have recently made changes to their positions in the company. Hara Capital LLC boosted its position in DTF Tax-Free Income 2028 Term Fund by 4.7% in the 4th quarter. Hara Capital LLC now owns 288,189 shares of the investment management company’s stock valued at $3,291,000 after buying an additional 12,898 shares during the period. Seven Mile Advisory acquired a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at $1,446,000. Raymond James Financial Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter worth approximately $69,000. J.W. Cole Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth $165,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter worth $36,000. 43.81% of the stock is currently owned by hedge funds and other institutional investors.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF stock traded down $0.01 on Friday, hitting $11.42. The company had a trading volume of 29,808 shares, compared to its average volume of 10,853. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.95 and a twelve month high of $11.50. The company has a 50-day moving average price of $11.36 and a 200-day moving average price of $11.33.

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. Stockholders of record on Monday, March 16th will be paid a dividend of $0.0325 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, March 16th.

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.