Short Interest in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Expands By 10.2%

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 15,100 shares, an increase of 10.2% from the October 15th total of 13,700 shares. Based on an average trading volume of 13,800 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

A number of hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in DTF Tax-Free Income 2028 Term Fund by 6.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,877 shares of the investment management company’s stock valued at $173,000 after purchasing an additional 902 shares in the last quarter. First Trust Advisors LP boosted its position in DTF Tax-Free Income 2028 Term Fund by 7.5% in the 1st quarter. First Trust Advisors LP now owns 28,211 shares of the investment management company’s stock valued at $366,000 after buying an additional 1,963 shares during the last quarter. Almitas Capital LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the 4th quarter valued at $66,000. Atria Wealth Solutions Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund in the 4th quarter valued at $132,000. Finally, Robinson Capital Management LLC boosted its position in DTF Tax-Free Income 2028 Term Fund by 13.1% in the 1st quarter. Robinson Capital Management LLC now owns 172,335 shares of the investment management company’s stock valued at $1,892,000 after buying an additional 20,000 shares during the last quarter. 37.40% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of NYSE:DTF opened at $10.83 on Thursday. The business has a 50 day moving average price of $10.71 and a 200 day moving average price of $10.80. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.29 and a twelve month high of $11.39.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were issued a $0.0325 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a dividend yield of 3.69%.

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.