John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Shorted: Short Interest Down 68.1% in September

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 34,370 shares, a decline 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.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

Shares of NYSE:HTD traded down $0.03 during midday trading on Monday, hitting $22.64. 66,413 shares of the stock traded hands, compared to its average volume of 67,045. The business’s 50 day moving average is $24.36 and its two-hundred day moving average is $25.05. John Hancock Tax-Advantaged Dividend Income Fund has a one year low of $21.90 and a one year high of $26.35.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter worth $33,000. Fifth Third Bancorp purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at $79,000. Western Wealth Management LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at $186,000. WealthTrust Asset Management LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at $213,000. Finally, HighTower Advisors LLC bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter worth $248,000.

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.