John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Short Interest Report for October

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,143 shares, a drop of 79.2% from the September 30th total of 34,370 shares. Based on an average trading volume of 94,493 shares, the days-to-cover ratio is presently 0.1 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

NYSE HTD traded down $0.06 during mid-day trading on Wednesday, hitting $22.75. The stock had a trading volume of 55,259 shares, compared to its average volume of 67,301. John Hancock Tax-Advantaged Dividend Income Fund has a 52-week low of $21.90 and a 52-week high of $26.35. The company has a 50 day simple moving average of $23.61 and a 200 day simple moving average of $24.83.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.1580 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Tuesday, October 13th.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at approximately $33,000. HighTower Advisors LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the second quarter valued at approximately $248,000. Northwestern Mutual Wealth Management Co. lifted its position in John Hancock Tax-Advantaged Dividend Income Fund by 9,515.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,000 shares of the company’s stock valued at $255,000 after buying an additional 9,896 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 211.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock worth $1,121,000 after buying an additional 29,867 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the first quarter worth approximately $186,000.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end investment fund designed to provide investors with a high level of current income that is generally eligible for favorable tax treatment, along with the opportunity for long-term capital appreciation.

The fund invests primarily in dividend-paying securities, including common stocks and preferred securities. Its portfolio has historically emphasized companies in utility and other income-oriented sectors, while also maintaining exposure to financial services and other industries.