John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Short Interest Falls 79.2%

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 7,143 shares, a decrease of 79.2% from the September 30th total of 34,370 shares. Based on an average daily volume of 94,493 shares, the short-interest ratio is currently 0.1 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

HTD stock opened at $22.73 on Tuesday. The firm has a 50 day simple moving average of $23.72 and a 200 day simple moving average of $24.84. John Hancock Tax-Advantaged Dividend Income Fund has a 52 week low of $21.90 and a 52 week high of $26.35.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 13th will be paid a $0.1580 dividend. This represents a $1.90 annualized dividend and a yield of 8.3%. The ex-dividend date is Tuesday, October 13th.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at $33,000. Fifth Third Bancorp acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the first quarter worth $79,000. Western Wealth Management LLC acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the first quarter worth $186,000. WealthTrust Asset Management LLC purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the first quarter worth $213,000. Finally, HighTower Advisors LLC purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the second quarter worth $248,000.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end investment fund designed to provide investors with a high level of current income that is generally eligible for favorable tax treatment, along with the opportunity for long-term capital appreciation.

The fund invests primarily in dividend-paying securities, including common stocks and preferred securities. Its portfolio has historically emphasized companies in utility and other income-oriented sectors, while also maintaining exposure to financial services and other industries.