John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Update

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 15,821 shares, a decrease of 59.6% from the December 31st total of 39,183 shares. Based on an average daily trading volume, of 84,772 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 84,772 shares, the days-to-cover ratio is presently 0.2 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

HTD traded up $0.26 during midday trading on Thursday, reaching $24.49. The company had a trading volume of 124,742 shares, compared to its average volume of 74,392. John Hancock Tax-Advantaged Dividend Income Fund has a 1 year low of $20.31 and a 1 year high of $25.21. The business has a 50-day moving average of $23.98 and a two-hundred day moving average of $24.33.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 12th will be paid a $0.158 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

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

Large investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at about $2,258,000. Shaker Financial Services LLC lifted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 469.3% in the fourth quarter. Shaker Financial Services LLC now owns 103,019 shares of the company’s stock worth $2,437,000 after acquiring an additional 84,924 shares during the period. Osaic Holdings Inc. increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 29.9% during the 2nd quarter. Osaic Holdings Inc. now owns 166,155 shares of the company’s stock valued at $3,887,000 after purchasing an additional 38,290 shares during the period. World Investment Advisors bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at about $766,000. Finally, UBS Group AG lifted its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 4.1% in the 3rd quarter. UBS Group AG now owns 747,625 shares of the company’s stock worth $18,541,000 after purchasing an additional 29,683 shares during the period.

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.