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

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

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

A number of large investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth approximately $1,062,000. Hennion & Walsh Asset Management Inc. grew its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 211.4% during 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 last quarter. Cetera Investment Advisers raised its position 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. bought 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 position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 9,515.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,000 shares of the company’s stock valued at $255,000 after purchasing an additional 9,896 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 0.1%

HTD opened at $22.73 on Tuesday. The stock has a 50-day moving average of $23.72 and a 200-day moving average of $24.84. John Hancock Tax-Advantaged Dividend Income Fund has a 52-week low of $21.90 and a 52-week high of $26.35.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 13th will be issued a $0.1580 dividend. This represents a $1.90 annualized dividend and a yield of 8.3%. The ex-dividend date is Tuesday, October 13th.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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