Short Interest in John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Grows By 288.4%

by · The Markets Daily

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 100,600 shares, an increase of 288.4% from the September 30th total of 25,900 shares. Based on an average trading volume of 90,000 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 238.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock worth $57,000 after acquiring an additional 2,115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at approximately $77,000. Geneos Wealth Management Inc. boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 126.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,100 shares of the company’s stock valued at $100,000 after purchasing an additional 2,850 shares during the period. Institute for Wealth Management LLC. acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at approximately $202,000. Finally, Truist Financial Corp acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at approximately $203,000.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 0.3 %

Shares of HTD opened at $23.37 on Friday. The stock has a 50 day moving average of $22.59 and a 200-day moving average of $21.06. John Hancock Tax-Advantaged Dividend Income Fund has a 52 week low of $16.25 and a 52 week high of $23.70.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be given a $0.138 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.66 annualized dividend and a dividend yield of 7.09%.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

(Get Free Report)

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.

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