John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Update

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 75,228 shares, an increase of 235.7% from the April 30th total of 22,406 shares. Based on an average daily volume of 49,341 shares, the days-to-cover ratio is presently 1.5 days.

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 the stock. UBS Group AG boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 2.6% during the fourth quarter. UBS Group AG now owns 767,161 shares of the company’s stock valued at $18,151,000 after purchasing an additional 19,536 shares in the last quarter. Invesco Ltd. boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 5.2% during the second quarter. Invesco Ltd. now owns 545,627 shares of the company’s stock valued at $12,762,000 after purchasing an additional 26,885 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $12,652,000 after purchasing an additional 533,240 shares in the last quarter. Captrust Financial Advisors boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 1.0% during the third quarter. Captrust Financial Advisors now owns 481,551 shares of the company’s stock valued at $11,942,000 after purchasing an additional 4,696 shares in the last quarter. Finally, LPL Financial LLC boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 27.5% during the fourth quarter. LPL Financial LLC now owns 369,256 shares of the company’s stock valued at $8,737,000 after purchasing an additional 79,754 shares in the last quarter.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

HTD stock traded down $0.08 during trading on Friday, reaching $25.64. 54,615 shares of the company traded hands, compared to its average volume of 63,743. John Hancock Tax-Advantaged Dividend Income Fund has a 12 month low of $22.40 and a 12 month high of $26.20. The business has a 50 day simple moving average of $25.19 and a 200 day simple moving average of $24.74.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be given a dividend of $0.158 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

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.