John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Down 16.1% in October

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 84,400 shares, a decline of 16.1% from the October 15th total of 100,600 shares. Based on an average trading volume of 87,100 shares, the short-interest ratio is presently 1.0 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.6 %

John Hancock Tax-Advantaged Dividend Income Fund stock opened at $22.78 on Friday. The stock’s fifty day simple moving average is $22.96 and its 200-day simple moving average is $21.41. John Hancock Tax-Advantaged Dividend Income Fund has a twelve month low of $17.31 and a twelve month high of $23.73.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be given a $0.138 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date is Tuesday, November 12th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in HTD. Raymond James & Associates grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 2.2% during the second quarter. Raymond James & Associates now owns 422,485 shares of the company’s stock worth $8,538,000 after purchasing an additional 9,286 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at about $4,184,000. Cetera Investment Advisers acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter worth about $3,493,000. Stifel Financial Corp boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 1.2% in the third quarter. Stifel Financial Corp now owns 120,058 shares of the company’s stock valued at $2,788,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Cornerstone Advisors LLC increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 342.2% in the first quarter. Cornerstone Advisors LLC now owns 79,154 shares of the company’s stock valued at $1,556,000 after purchasing an additional 61,254 shares during the last quarter.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management and Analytic Investors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.