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

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 trading volume, of 87,100 shares, the short-interest ratio is presently 1.0 days.

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

Several institutional investors have recently modified their holdings of HTD. Kennebec Savings Bank purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter worth about $30,000. SMH Capital Advisors Inc. purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter worth about $214,000. Institute for Wealth Management LLC. purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter worth about $202,000. Truist Financial Corp purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter worth about $203,000. Finally, US Bancorp DE boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 42.7% in the third quarter. US Bancorp DE now owns 10,701 shares of the company’s stock worth $248,000 after purchasing an additional 3,201 shares during the last quarter.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.5 %

John Hancock Tax-Advantaged Dividend Income Fund stock opened at $22.77 on Monday. 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 fifty day moving average is $22.98 and its 200 day moving average is $21.44.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

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

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.