Short Interest in John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Expands By 235.7%

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 75,228 shares, an increase of 235.7% from the April 30th total of 22,406 shares. Based on an average daily trading volume, of 49,341 shares, the days-to-cover ratio is presently 1.5 days.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

HTD stock traded down $0.07 during mid-day trading on Friday, hitting $25.66. The stock had a trading volume of 70,269 shares, compared to its average volume of 63,902. John Hancock Tax-Advantaged Dividend Income Fund has a 52 week low of $22.40 and a 52 week high of $26.20. The firm has a fifty day simple moving average of $25.20 and a 200 day simple moving average of $24.74.

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John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 11th were issued a $0.158 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Monday, May 11th.

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

A number of hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at approximately $186,000. Sunbelt Securities Inc. acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at approximately $287,000. Cetera Investment Advisers boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.5% in the 1st 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 in the last quarter. First Trust Advisors LP boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.3% in the 1st quarter. First Trust Advisors LP now owns 151,813 shares of the company’s stock valued at $3,760,000 after purchasing an additional 8,935 shares in the last quarter. Finally, WealthTrust Asset Management LLC acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at approximately $213,000.

About John Hancock Tax-Advantaged Dividend Income Fund

(Get Free Report)

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.

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