John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Short Interest Falls 68.1%

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 34,370 shares, a drop of 68.1% from the September 15th total of 107,834 shares. Based on an average trading volume of 107,420 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at about $33,000. HighTower Advisors LLC purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the second quarter worth about $248,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 period. Hennion & Walsh Asset Management Inc. grew its stake 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 worth $1,121,000 after purchasing an additional 29,867 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at about $186,000.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

John Hancock Tax-Advantaged Dividend Income Fund stock traded down $0.05 during trading hours on Tuesday, reaching $22.59. The company had a trading volume of 58,251 shares, compared to its average volume of 67,000. The company has a 50-day moving average price of $24.24 and a 200 day moving average price of $25.02. John Hancock Tax-Advantaged Dividend Income Fund has a 12-month low of $21.90 and a 12-month high of $26.35.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 13th will be issued a $0.1580 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $1.90 annualized dividend and a dividend yield of 8.4%.

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.