DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 22,400 shares, a decline of 12.2% from the April 30th total of 25,500 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 8,800 shares, the short-interest ratio is presently 2.5 days.
DTF Tax-Free Income 2028 Term Fund Trading Up 0.2%
DTF stock traded up $0.03 during midday trading on Thursday, reaching $11.21. 1,165 shares of the stock were exchanged, compared to its average volume of 14,154. The company has a fifty day moving average price of $11.17 and a 200 day moving average price of $11.23. DTF Tax-Free Income 2028 Term Fund has a 52 week low of $10.83 and a 52 week high of $11.45.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The business also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.0325 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 3.47%.
Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund
Several institutional investors and hedge funds have recently made changes to their positions in DTF. Financial Gravity Asset Management Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth approximately $36,000. GWN Securities Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at $155,000. J.W. Cole Advisors Inc. increased its stake in DTF Tax-Free Income 2028 Term Fund by 20.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company's stock valued at $166,000 after acquiring an additional 2,500 shares during the last quarter. Nuveen LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the first quarter valued at $180,000. Finally, Focus Partners Wealth bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter valued at about $190,000. Institutional investors own 43.81% of the company's stock.
About DTF Tax-Free Income 2028 Term Fund
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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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