Nuveen Tax-Advantaged Dividend Growth Fund (NYSE:JTD) Sees Significant Increase in Short Interest


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Nuveen Tax-Advantaged Dividend Growth Fund (NYSE:JTD) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 10,600 shares, an increase of 20.5% from the March 31st total of 8,800 shares. Based on an average daily volume of 46,700 shares, the short-interest ratio is presently 0.2 days.

JTD traded down $0.14 on Tuesday, reaching $15.51. The stock had a trading volume of 3,683 shares, compared to its average volume of 49,426. Nuveen Tax-Advantaged Dividend Growth Fund has a fifty-two week low of $11.75 and a fifty-two week high of $15.67. The firm has a 50-day moving average of $15.16 and a 200-day moving average of $14.16.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Monday, March 15th were issued a $0.294 dividend. The ex-dividend date of this dividend was Friday, March 12th. This represents a $1.18 dividend on an annualized basis and a yield of 7.58%.

A number of institutional investors and hedge funds have recently modified their holdings of JTD. First Trust Advisors LP increased its holdings in Nuveen Tax-Advantaged Dividend Growth Fund by 4.0% in the 1st quarter. First Trust Advisors LP now owns 131,962 shares of the company’s stock worth $2,119,000 after purchasing an additional 5,104 shares in the last quarter. Morgan Stanley increased its holdings in Nuveen Tax-Advantaged Dividend Growth Fund by 1.9% in the 3rd quarter. Morgan Stanley now owns 243,414 shares of the company’s stock worth $3,181,000 after purchasing an additional 4,507 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Nuveen Tax-Advantaged Dividend Growth Fund in the 4th quarter worth about $28,000. Quantedge Capital Pte Ltd acquired a new position in Nuveen Tax-Advantaged Dividend Growth Fund in the 4th quarter worth about $368,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Nuveen Tax-Advantaged Dividend Growth Fund by 12.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 24,168 shares of the company’s stock worth $344,000 after purchasing an additional 2,580 shares in the last quarter.

Nuveen Tax-Advantaged Dividend Growth Fund Company Profile

Nuveen Tax-Advantaged Dividend Growth Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors, LLC, Santa Barbara Asset Management, Inc, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity markets of the United States.

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