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

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

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Institutional investors have recently bought and sold shares of the business. Ameriflex Group Inc. raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% in the third quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock worth $25,000 after buying an additional 500 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at $26,000. Resources Management Corp CT ADV bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at $30,000. Global Wealth Strategies & Associates purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at $34,000. Finally, Assetmark Inc. increased its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 445.0% in the 4th quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock valued at $36,000 after acquiring an additional 1,246 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

Shares of HTD traded down $0.08 during midday trading on Friday, reaching $25.64. 54,615 shares of the stock were exchanged, compared to its average volume of 63,743. John Hancock Tax-Advantaged Dividend Income Fund has a 52 week low of $22.40 and a 52 week high of $26.20. The company’s 50 day moving average is $25.19 and its two-hundred day moving average is $24.74.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders 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 dividend yield of 7.4%.

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.