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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 69,600 shares, an increase of 31.6% from the July 31st total of 52,900 shares. Based on an average daily volume of 68,700 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 68,700 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Institutional investors have recently made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at approximately $40,000. Jones Financial Companies Lllp purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at approximately $48,000. Elequin Capital LP purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at approximately $46,000. Redmont Wealth Advisors LLC purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at approximately $63,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at approximately $90,000.

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

HTD stock opened at $24.67 on Thursday. The firm’s 50 day moving average price is $24.29 and its 200-day moving average price is $23.32. John Hancock Tax-Advantaged Dividend Income Fund has a one year low of $20.31 and a one year high of $24.70.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be given a dividend of $0.158 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, September 12th.

About John Hancock Tax-Advantaged Dividend Income Fund

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.