Traders are feeling more bearish on the company as shown by the change in short interest. The company had a rise in short interest of 47.77% between October 13, 2017 and October 31, 2017. Short interest grew from 5,579 to 8,244 over that period. Days to cover decreased -1.0 to 0.0 and the percentage of shorted shares is 0.00% as of October 31.
A few notable investment firms have updated their holdings. As of the end of the quarter Raymond James Financial Services Advisors, Inc. had acquired 2,284 shares growing its stake by 8.3%. The value of the investment in Duff & Phelps Utilities Tax-Free Income increased from $401,000 to $425,000 increasing 6.0% for the reporting period. As of quarter end Doliver Capital Advisors, Inc. had bought a total of 4,651 shares growing its holdings by 35.3%. The value of the total investment in Duff & Phelps Utilities Tax-Free Income went from $192,000 to $255,000 a change of $63,000 quarter over quarter.
As of the end of the quarter Advisors Asset Management, Inc. had sold 3,379 shares trimming its position 3.9%. The value in dollars decreased from $1,252,000 to $1,174,000 a change of 6.2% quarter to quarter. As of quarter end Raymond James & Associates had sold 16,670 shares trimming its stake by 39.3%. The value of the investment in DTF decreased from $620,000 to $368,000 a change of 40.6% since the last quarter.
The company is now up by 0.07% percent from yesterday’s close. The most current P/E ratio is N/A and the market value is 121.16M.
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..Advertisement