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

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

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

John Hancock Tax-Advantaged Dividend Income Fund stock traded up $0.23 during midday trading on Monday, reaching $23.00. 37,111 shares of the stock traded hands, compared to its average volume of 86,086. The company has a 50-day simple moving average of $22.98 and a two-hundred day simple moving average of $21.46. John Hancock Tax-Advantaged Dividend Income Fund has a 12-month low of $17.31 and a 12-month high of $23.73.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be paid a $0.138 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.66 annualized dividend and a dividend yield of 7.20%.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several hedge funds have recently modified their holdings of HTD. Captrust Financial Advisors purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at about $4,184,000. Cetera Investment Advisers acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the first quarter worth $3,493,000. Cornerstone Advisors LLC raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 342.2% in the first quarter. Cornerstone Advisors LLC now owns 79,154 shares of the company’s stock valued at $1,556,000 after buying an additional 61,254 shares in the last quarter. Walleye Capital LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter worth about $844,000. Finally, Logan Stone Capital LLC acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter worth about $622,000.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.