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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 84,400 shares, a drop of 16.1% from the October 15th total of 100,600 shares. Based on an average trading volume of 87,100 shares, the days-to-cover ratio is currently 1.0 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.5 %

Shares of HTD stock opened at $22.77 on Monday. The stock has a fifty day moving average of $22.98 and a 200 day moving average of $21.44. John Hancock Tax-Advantaged Dividend Income Fund has a 52 week low of $17.31 and a 52 week high of $23.73.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a $0.138 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.66 dividend on an annualized basis and a yield of 7.27%.

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

A number of institutional investors have recently added to or reduced their stakes in HTD. Kennebec Savings Bank bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter worth $30,000. Institute for Wealth Management LLC. bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter worth $202,000. Truist Financial Corp bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter worth $203,000. SMH Capital Advisors Inc. bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the third quarter valued at $214,000. Finally, US Bancorp DE increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 42.7% during the third quarter. US Bancorp DE now owns 10,701 shares of the company’s stock valued at $248,000 after acquiring an additional 3,201 shares in the last quarter.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management and Analytic Investors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.