DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 5,500 shares, a growth of 139.1% from the September 30th total of 2,300 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Trading of DTF Tax-Free Income 2028 Term Fund
Institutional investors and hedge funds have recently bought and sold shares of the business. J.W. Cole Advisors Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at $138,000. Sanctuary Advisors LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter valued at about $216,000. Beverly Hills Private Wealth LLC raised its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 105.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company's stock valued at $641,000 after buying an additional 29,990 shares during the period. Finally, Almitas Capital LLC lifted its position in DTF Tax-Free Income 2028 Term Fund by 1.2% during the 2nd quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company's stock worth $3,872,000 after acquiring an additional 4,274 shares in the last quarter. 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 down $0.01 during trading on Friday, reaching $11.20. 9,731 shares of the stock traded hands, compared to its average volume of 14,223. The business's 50 day moving average price is $11.28 and its 200-day moving average price is $11.07. DTF Tax-Free Income 2028 Term Fund has a 52-week low of $10.33 and a 52-week high of $11.45.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, December 16th.
DTF Tax-Free Income 2028 Term Fund Company Profile
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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.
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