Short Interest Filing: Dtf Tax Free Income Incorporated (NYSE:DTF) Reports Decline in Sellers; Strong Momentum for Longs

December 1, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Filing: Dtf Tax Free Income Incorporated (NYSE:DTF) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Dtf Tax Free Income Incorporated (NYSE:DTF) registered a decrease of 66% in short interest. DTF’s total short interest was 1,700 shares in December as published by FINRA. Its down 66% from 5,000 shares, reported previously. With 18,700 shares average volume, it will take short sellers 0 days to cover their DTF’s short positions. About 28,994 shares traded hands or 34.89% up from the average. DTF Tax Free Income Inc. (NYSE:DTF) has declined 12.95% since April 28, 2016 and is downtrending. It has underperformed by 18.88% the S&P500.

DTF Tax-Free Income Inc. is a diversified, closed-end management investment company. The company has a market cap of $120.72 million. The Fund’s investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing primarily (approximately 80% of its total assets) in a diversified portfolio of investment-grade tax-exempt obligations.

Insitutional Activity: The institutional sentiment increased to 1.43 in 2016 Q2. Its up 0.53, from 0.9 in 2016Q1. The ratio increased, as 7 funds sold all DTF Tax Free Income Inc. shares owned while 3 reduced positions. 3 funds bought stakes while 6 increased positions. They now own 651,080 shares or 20.21% less from 816,029 shares in 2016Q1.
First Tru Lp last reported 25,343 shares in the company. Comml Bank Of America De last reported 0% of its portfolio in the stock. The Illinois-based Envestnet Asset has invested 0% in DTF Tax Free Income Inc. (NYSE:DTF). Morgan Stanley holds 0% or 36,917 shares in its portfolio. Moreover, Raymond James Financial Services has 0.01% invested in DTF Tax Free Income Inc. (NYSE:DTF) for 46,202 shares. The Virginia-based Dixon Hubard Feinour Brown Va has invested 0.06% in DTF Tax Free Income Inc. (NYSE:DTF). Raymond James Associates holds 0% or 78,684 shares in its portfolio. Creative Planning reported 2,809 shares or 0% of all its holdings. Bartlett And Co Lc owns 2,000 shares or 0% of their US portfolio. Ladenburg Thalmann Fincl Service Inc has 8,000 shares for 0% of their US portfolio. Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 185,840 shares. Tower Research Cap Llc (Trc) last reported 335 shares in the company. Moreover, Segment Wealth Limited Liability Company has 0.1% invested in DTF Tax Free Income Inc. (NYSE:DTF) for 14,401 shares. Nuveen Asset Mngmt Ltd Liability Corp last reported 0% of its portfolio in the stock. Wells Fargo And Mn holds 9,052 shares or 0% of its portfolio.

DTF Company Profile

DTF Tax-Free Income Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax consistent with preservation of capital. The Fund primarily invests (at least 65% of its total assets) in a diversified portfolio of investment-grade, tax-exempt utility obligations. DTF Tax-Free Income Inc.’s investment advisor is Duff & Phelps Investment Management Co., a subsidiary of Phoenix Investment Partners, Ltd.

More news for DTF Tax Free Income Inc. (NYSE:DTF) were recently published by: Prnewswire.com, which released: “Duff & Phelps Closed-End Funds Elect Donald C. Burke As Independent Director” on July 29, 2014. Businesswire.com‘s article titled: “SunAmerica Launches New Fixed Income Portfolio Managed by David Albrycht of …” and published on October 29, 2014 is yet another important article.

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By Linda Rogers

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