DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Update

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 10,115 shares, a drop of 35.1% from the May 14th total of 15,578 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 7,873 shares, the short-interest ratio is currently 1.3 days.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of NYSE DTF traded up $0.01 during midday trading on Wednesday, hitting $11.48. 5,124 shares of the company’s stock traded hands, compared to its average volume of 9,470. The firm has a fifty day moving average of $11.45 and a 200 day moving average of $11.43. DTF Tax-Free Income 2028 Term Fund has a 1 year low of $11.12 and a 1 year high of $11.60.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0325 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at $69,000. Garner Asset Management Corp purchased a new position in DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at $70,000. Closed End Fund Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at $165,000. Savvy Advisors Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at about $166,000. Finally, Focus Partners Wealth bought a new stake in DTF Tax-Free Income 2028 Term Fund during the first quarter valued at about $190,000. 43.81% of the stock is currently owned by institutional investors.

About DTF Tax-Free Income 2028 Term Fund

DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.