John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Up 28.6% in April

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 19,666 shares, a growth of 28.6% from the March 31st total of 15,291 shares. Based on an average trading volume of 56,234 shares, the days-to-cover ratio is currently 0.3 days.

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

HTD stock traded up $0.12 during trading on Friday, reaching $26.06. 48,853 shares of the company’s stock were exchanged, compared to its average volume of 65,856. John Hancock Tax-Advantaged Dividend Income Fund has a 1-year low of $22.23 and a 1-year high of $26.21. The company’s fifty day moving average price is $25.19 and its 200-day moving average price is $24.66.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Monday, April 13th were given a dividend of $0.158 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Monday, April 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HTD. Ameriflex Group Inc. boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the period. IFC & Insurance Marketing Inc. acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth $26,000. Resources Management Corp CT ADV acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth $30,000. Global Wealth Strategies & Associates acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth $34,000. Finally, Assetmark Inc. boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 445.0% during the 4th quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock worth $36,000 after acquiring an additional 1,246 shares during the period.

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.