Short Interest in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Decreases By 72.3%

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,300 shares, a decline of 72.3% from the September 15th total of 8,300 shares. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter worth approximately $216,000. Almitas Capital LLC increased its position in DTF Tax-Free Income 2028 Term Fund by 1.2% during the second quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company's stock worth $3,872,000 after buying an additional 4,274 shares during the period. Finally, Beverly Hills Private Wealth LLC increased its position in DTF Tax-Free Income 2028 Term Fund by 105.2% during the second quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company's stock worth $641,000 after buying an additional 29,990 shares during the period. Institutional investors and hedge funds own 43.81% of the company's stock.

DTF Tax-Free Income 2028 Term Fund Price Performance

DTF stock traded up $0.01 during trading on Thursday, hitting $11.29. 350 shares of the company's stock were exchanged, compared to its average volume of 14,495. The business has a 50-day moving average price of $11.28 and a two-hundred day moving average price of $11.03. DTF Tax-Free Income 2028 Term Fund has a 52-week low of $10.29 and a 52-week high of $11.45.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, December 16th.

About DTF Tax-Free Income 2028 Term Fund

DTF Tax-Free Income 2028 Term Fund Inc is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.