John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Shares Shorted: Short Interest Down 68.1% in September

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 34,370 shares, a decrease of 68.1% from the September 15th total of 107,834 shares. Based on an average trading volume of 107,420 shares, the short-interest ratio is presently 0.3 days.

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

A number of institutional investors have recently added to or reduced their stakes in HTD. Cetera Investment Advisers lifted its position in John Hancock Tax-Advantaged Dividend Income Fund by 11.5% during the first quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock valued at $5,553,000 after buying an additional 23,201 shares during the period. First Trust Advisors LP boosted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.3% during the 1st quarter. First Trust Advisors LP now owns 151,813 shares of the company’s stock valued at $3,760,000 after buying an additional 8,935 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 3.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 91,117 shares of the company’s stock valued at $2,257,000 after buying an additional 3,064 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 211.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock valued at $1,121,000 after buying an additional 29,867 shares in the last quarter. Finally, World Investment Advisors grew its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 3.4% in the 1st quarter. World Investment Advisors now owns 30,895 shares of the company’s stock worth $765,000 after buying an additional 1,026 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 0.1%

Shares of HTD traded down $0.03 on Monday, reaching $22.64. The stock had a trading volume of 66,413 shares, compared to its average volume of 67,045. The company has a 50-day simple moving average of $24.36 and a 200-day simple moving average of $25.05. 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 company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 13th will be paid a $0.1580 dividend. This represents a $1.90 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Tuesday, October 13th.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end investment fund designed to provide investors with a high level of current income that is generally eligible for favorable tax treatment, along with the opportunity for long-term capital appreciation.

The fund invests primarily in dividend-paying securities, including common stocks and preferred securities. Its portfolio has historically emphasized companies in utility and other income-oriented sectors, while also maintaining exposure to financial services and other industries.