John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Sees Significant Drop in Short Interest

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 21,400 shares, a decrease of 74.6% from the October 31st total of 84,400 shares. Based on an average daily volume of 83,500 shares, the short-interest ratio is currently 0.3 days.

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

NYSE HTD traded up $0.11 during mid-day trading on Wednesday, reaching $23.55. 60,762 shares of the stock were exchanged, compared to its average volume of 85,528. John Hancock Tax-Advantaged Dividend Income Fund has a 1-year low of $18.17 and a 1-year high of $23.88. The business’s fifty day simple moving average is $23.12 and its 200 day simple moving average is $21.62.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a $0.138 dividend. This represents a $1.66 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend is Tuesday, November 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HTD. Platte River Wealth Advisors LLC increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 3.7% during the 3rd quarter. Platte River Wealth Advisors LLC now owns 27,720 shares of the company’s stock worth $644,000 after buying an additional 1,000 shares during the last quarter. Kennebec Savings Bank purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter valued at about $30,000. Stifel Financial Corp increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 1.2% during the third quarter. Stifel Financial Corp now owns 120,058 shares of the company’s stock worth $2,788,000 after acquiring an additional 1,366 shares during the last quarter. US Bancorp DE raised its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 42.7% in the 3rd 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 period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 59,010 shares of the company’s stock valued at $1,193,000 after purchasing an additional 3,341 shares in the last quarter.

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.