John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD – Get Free Report) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 20,668 shares, an increase of 189.3% from the October 15th total of 7,143 shares. Based on an average daily volume of 75,016 shares, the days-to-cover ratio is presently 0.3 days.
John Hancock Tax-Advantaged Dividend Income Fund Stock Performance
NYSE HTD traded down $0.07 during trading on Friday, hitting $22.75. 134,219 shares of the company’s stock traded hands, compared to its average volume of 68,985. The stock has a fifty day moving average of $23.11 and a two-hundred day moving average of $24.79. John Hancock Tax-Advantaged Dividend Income Fund has a 12-month low of $21.90 and a 12-month 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 Monday, November 30th. Stockholders of record on Thursday, November 12th will be issued a $0.1580 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.90 annualized dividend and a dividend yield of 8.3%.
Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund
A number of hedge funds and other institutional investors have recently modified their holdings of HTD. Shaker Financial Services LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter worth approximately $1,062,000. Hennion & Walsh Asset Management Inc. raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 211.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock worth $1,121,000 after purchasing an additional 29,867 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $549,000. Cetera Investment Advisers grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.5% in the 1st quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock worth $5,553,000 after buying an additional 23,201 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter worth $287,000.
About John Hancock Tax-Advantaged Dividend Income Fund
John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) is a closed-end investment fund managed by John Hancock Investment Management. The fund seeks to provide a high level of current income that is generally eligible for favorable U.S. federal income-tax treatment, along with the potential for long-term growth of capital. HTD invests primarily in dividend-paying common stocks and preferred securities. Its portfolio has a particular emphasis on companies in the utilities and other defensive, income-oriented sectors, while also allowing exposure to a broader range of industries and issuers.
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