John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Stock Short Interest Report for September

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

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

A number of large investors have recently made changes to their positions in HTD. Integrated Wealth Concepts LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the second quarter worth $33,000. HighTower Advisors LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at about $248,000. Northwestern Mutual Wealth Management Co. lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 9,515.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,000 shares of the company’s stock valued at $255,000 after buying an additional 9,896 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in 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, Western Wealth Management LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at about $186,000.

John Hancock Tax-Advantaged Dividend Income Fund Stock Down 1.2%

HTD traded down $0.28 during trading on Wednesday, reaching $22.29. The company had a trading volume of 70,185 shares, compared to its average volume of 66,957. The business has a 50 day simple moving average of $24.24 and a 200-day simple moving average of $25.02. John Hancock Tax-Advantaged Dividend Income Fund has a 52 week low of $21.90 and a 52 week high of $26.35.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 13th will be issued a $0.1580 dividend. This represents a $1.90 annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Tuesday, October 13th.

About John Hancock Tax-Advantaged Dividend Income Fund

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.