John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Sees Significant Decline in Short Interest

by · The Markets Daily

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD – Get Free Report) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 15,821 shares, a decline of 59.6% from the December 31st total of 39,183 shares. Based on an average trading volume of 84,772 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 84,772 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

A number of institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at about $2,258,000. Shaker Financial Services LLC lifted its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 469.3% in the 4th quarter. Shaker Financial Services LLC now owns 103,019 shares of the company’s stock worth $2,437,000 after acquiring an additional 84,924 shares during the last quarter. Osaic Holdings Inc. lifted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 29.9% in the second quarter. Osaic Holdings Inc. now owns 166,155 shares of the company’s stock worth $3,887,000 after purchasing an additional 38,290 shares during the last quarter. World Investment Advisors purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter valued at about $766,000. Finally, UBS Group AG boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 4.1% during the third quarter. UBS Group AG now owns 747,625 shares of the company’s stock valued at $18,541,000 after purchasing an additional 29,683 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 1.1%

Shares of HTD traded up $0.26 during trading hours on Thursday, reaching $24.49. 124,742 shares of the stock traded hands, compared to its average volume of 74,392. John Hancock Tax-Advantaged Dividend Income Fund has a 52 week low of $20.31 and a 52 week high of $25.21. The stock has a fifty day simple moving average of $23.98 and a 200 day simple moving average of $24.33.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 12th will be given a $0.158 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a c) annualized dividend and a yield of 7.7%.

About John Hancock Tax-Advantaged Dividend Income Fund

(Get Free Report)

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.

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