John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Sees Significant Decline in Short Interest

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 15,291 shares, a decline of 42.0% from the March 15th total of 26,358 shares. Based on an average daily trading volume, of 57,386 shares, the short-interest ratio is presently 0.3 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Down 1.1%

Shares of NYSE HTD traded down $0.27 during trading on Monday, hitting $25.42. 10,481 shares of the company traded hands, compared to its average volume of 66,847. John Hancock Tax-Advantaged Dividend Income Fund has a 1 year low of $21.47 and a 1 year high of $26.12. The company has a 50-day moving average price of $25.13 and a 200-day moving average price of $24.60.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, April 13th will be paid a dividend of $0.158 per share. The ex-dividend date of this dividend is Monday, April 13th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at $55,000. Cetera Investment Advisers grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.9% during the 4th quarter. Cetera Investment Advisers now owns 200,994 shares of the company’s stock valued at $4,756,000 after buying an additional 21,406 shares during the period. &PARTNERS grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 51.1% during the 4th quarter. &PARTNERS now owns 29,716 shares of the company’s stock valued at $703,000 after buying an additional 10,048 shares during the period. Royal Bank of Canada grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.0% during the 4th quarter. Royal Bank of Canada now owns 189,865 shares of the company’s stock valued at $4,492,000 after buying an additional 1,835 shares during the period. Finally, Resources Management Corp CT ADV purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at $30,000.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.