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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 23,986 shares, an increase of 51.6% from the January 15th total of 15,821 shares. Based on an average daily volume of 67,096 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 67,096 shares, the short-interest ratio is presently 0.4 days.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

NYSE:HTD traded up $0.44 on Friday, reaching $25.52. 86,363 shares of the company’s stock traded hands, compared to its average volume of 78,535. The stock has a 50-day simple moving average of $24.06 and a 200-day simple moving average of $24.39. John Hancock Tax-Advantaged Dividend Income Fund has a 12 month low of $20.31 and a 12 month high of $25.65.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be issued a dividend of $0.158 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Thursday, February 12th.

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

Institutional investors have recently bought and sold shares of the business. Ameriflex Group Inc. increased its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the period. IFC & Insurance Marketing Inc. purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $26,000. Global Wealth Strategies & Associates bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at about $34,000. Assetmark Inc. lifted its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 445.0% in the 4th quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock worth $36,000 after purchasing an additional 1,246 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter worth approximately $48,000.

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.