John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Update

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 27,122 shares, a growth of 22.4% from the February 12th total of 22,162 shares. Based on an average daily trading volume, of 72,078 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 72,078 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HTD. Garton & Associates Financial Advisors LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth approximately $55,000. Cetera Investment Advisers boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 11.9% in the fourth quarter. Cetera Investment Advisers now owns 200,994 shares of the company’s stock valued at $4,756,000 after purchasing an additional 21,406 shares during the last quarter. &PARTNERS boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 51.1% in the fourth quarter. &PARTNERS now owns 29,716 shares of the company’s stock valued at $703,000 after purchasing an additional 10,048 shares during the last quarter. Royal Bank of Canada grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 1.0% during the 4th quarter. Royal Bank of Canada now owns 189,865 shares of the company’s stock worth $4,492,000 after purchasing an additional 1,835 shares during the period. Finally, Resources Management Corp CT ADV purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $30,000.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 1.2%

Shares of HTD traded up $0.30 during trading hours on Monday, hitting $25.35. The company had a trading volume of 52,712 shares, compared to its average volume of 71,770. John Hancock Tax-Advantaged Dividend Income Fund has a one year low of $20.31 and a one year high of $26.12. The company’s fifty day moving average price is $24.78 and its two-hundred day moving average price is $24.54.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be given a dividend of $0.158 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.