John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Down 16.1% in October

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 84,400 shares, a drop of 16.1% from the October 15th total of 100,600 shares. Based on an average daily volume of 87,100 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

A number of institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1,303.1% in the 3rd quarter. International Assets Investment Management LLC now owns 11,842 shares of the company’s stock valued at $275,000 after purchasing an additional 10,998 shares during the last quarter. Truist Financial Corp purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at $203,000. Platte River Wealth Advisors LLC grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 3.7% in the 3rd quarter. Platte River Wealth Advisors LLC now owns 27,720 shares of the company’s stock valued at $644,000 after buying an additional 1,000 shares during the last quarter. Almitas Capital LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at $434,000. Finally, Logan Stone Capital LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter worth $622,000.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 0.6 %

HTD opened at $22.78 on Friday. John Hancock Tax-Advantaged Dividend Income Fund has a one year low of $17.31 and a one year high of $23.73. The business’s 50-day simple moving average is $22.96 and its 200-day simple moving average is $21.41.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.138 per share. This represents a $1.66 annualized dividend and a yield of 7.27%. The ex-dividend date is Tuesday, November 12th.

About John Hancock Tax-Advantaged Dividend Income Fund

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.