DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Down 48.7% in September

Key Points

• Short interest in DTF Tax-Free Income 2028 Term Fund Inc. declined by 48.7% in September, dropping to 7,700 shares from 15,000 shares at the end of August.
• Institutional investors currently hold 43.81% of DTF Tax-Free Income 2028 Term Fund, with several hedge funds acquiring new positions valued at up to $180,000.
• The fund declared a monthly dividend of $0.0325 per share, with an annualized yield of 3.4%, expected to be paid on December 31st.

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - ) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 7,700 shares, a drop of 48.7% from the August 31st total of 15,000 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

Several hedge funds have recently added to or reduced their stakes in DTF. Financial Gravity Companies Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth $36,000. Financial Gravity Asset Management Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth approximately $36,000. Raymond James Financial Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter worth $69,000. J.W. Cole Advisors Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter worth $165,000. Finally, Nuveen LLC bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter valued at $180,000. 43.81% of the stock is currently owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.1%

NYSE:DTF opened at $11.39 on Friday. The stock has a fifty day moving average price of $11.32 and a 200-day moving average price of $11.23. DTF Tax-Free Income 2028 Term Fund has a fifty-two week low of $10.83 and a fifty-two 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 Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.0325 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th.

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.

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