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

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HTD. Northwestern Mutual Wealth Management Co. increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 35,151.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 534,757 shares of the company’s stock worth $12,652,000 after acquiring an additional 533,240 shares during the last quarter. Shaker Financial Services LLC increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 469.3% during the 4th quarter. Shaker Financial Services LLC now owns 103,019 shares of the company’s stock worth $2,437,000 after purchasing an additional 84,924 shares in the last quarter. LPL Financial LLC increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 27.5% during the 4th quarter. LPL Financial LLC now owns 369,256 shares of the company’s stock worth $8,737,000 after purchasing an additional 79,754 shares in the last quarter. Indivisible Partners purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter valued at approximately $1,178,000. Finally, World Investment Advisors purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter valued at approximately $766,000.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

John Hancock Tax-Advantaged Dividend Income Fund stock traded down $0.01 during trading on Friday, reaching $25.93. The company had a trading volume of 48,159 shares, compared to its average volume of 65,855. John Hancock Tax-Advantaged Dividend Income Fund has a 12-month low of $22.23 and a 12-month high of $26.21. The stock’s 50 day moving average price is $25.19 and its two-hundred day moving average price is $24.66.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

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

About John Hancock Tax-Advantaged Dividend Income Fund

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.