John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Short Interest Declines 79.2%

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,143 shares, a drop of 79.2% from the September 30th total of 34,370 shares. Based on an average daily volume of 94,493 shares, the short-interest ratio is currently 0.1 days.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 2.1%

NYSE HTD traded up $0.47 during trading on Thursday, reaching $23.23. The company’s stock had a trading volume of 88,526 shares, compared to its average volume of 67,403. John Hancock Tax-Advantaged Dividend Income Fund has a twelve month low of $21.90 and a twelve month high of $26.35. The business’s fifty day moving average price is $23.57 and its 200-day moving average price is $24.83.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 13th will be issued a dividend of $0.1580 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 8.2%.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at approximately $1,062,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 211.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock valued at $1,121,000 after purchasing an additional 29,867 shares during the period. Cetera Investment Advisers increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.5% in the first quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock valued at $5,553,000 after purchasing an additional 23,201 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at approximately $287,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 9,515.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,000 shares of the company’s stock worth $255,000 after purchasing an additional 9,896 shares during the last quarter.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end investment fund designed to provide investors with a high level of current income that is generally eligible for favorable tax treatment, along with the opportunity for long-term capital appreciation.

The fund invests primarily in dividend-paying securities, including common stocks and preferred securities. Its portfolio has historically emphasized companies in utility and other income-oriented sectors, while also maintaining exposure to financial services and other industries.