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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTDGet Rating) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 142,500 shares, a decrease of 6.6% from the October 15th total of 152,500 shares. Based on an average daily volume of 65,500 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several large investors have recently bought and sold shares of HTD. CWM LLC boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 123.6% in the third quarter. CWM LLC now owns 1,762 shares of the company’s stock valued at $37,000 after buying an additional 974 shares in the last quarter. Private Trust Co. NA acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at about $46,000. Venture Visionary Partners LLC acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at about $85,000. Captrust Financial Advisors acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at about $86,000. Finally, Herold Advisors Inc. acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at about $113,000.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

HTD opened at $22.41 on Friday. John Hancock Tax-Advantaged Dividend Income Fund has a 52-week low of $19.77 and a 52-week high of $26.43. The business’s fifty day moving average is $22.07 and its 200-day moving average is $23.26.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be paid a $0.138 dividend. This represents a $1.66 annualized dividend and a yield of 7.39%. The ex-dividend date is Thursday, November 10th.

About John Hancock Tax-Advantaged Dividend Income Fund

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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.

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