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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 27,122 shares, an increase of 22.4% from the February 12th total of 22,162 shares. Based on an average daily volume of 72,078 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 72,078 shares, the short-interest ratio is presently 0.4 days.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 0.1%

John Hancock Tax-Advantaged Dividend Income Fund stock opened at $25.36 on Wednesday. The stock has a 50-day moving average price of $24.81 and a two-hundred day moving average price of $24.54. John Hancock Tax-Advantaged Dividend Income Fund has a 12 month low of $20.31 and a 12 month high of $26.12.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be issued a $0.158 dividend. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Thursday, March 12th.

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

A number of institutional investors have recently added to or reduced their stakes in HTD. Ameriflex Group Inc. grew its holdings in 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 worth $25,000 after buying an additional 500 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth $26,000. Resources Management Corp CT ADV bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth $30,000. Global Wealth Strategies & Associates purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter valued at about $34,000. Finally, Assetmark Inc. raised its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 445.0% in the fourth quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock valued at $36,000 after purchasing an additional 1,246 shares during the last quarter.

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.