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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 84,400 shares, a decrease 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 Trading Up 1.0 %

Shares of NYSE:HTD traded up $0.23 during trading on Monday, reaching $23.00. The company had a trading volume of 37,111 shares, compared to its average volume of 86,086. John Hancock Tax-Advantaged Dividend Income Fund has a fifty-two week low of $17.31 and a fifty-two week high of $23.73. The stock’s fifty day moving average price is $22.98 and its 200 day moving average price is $21.46.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be paid a $0.138 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 7.20%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HTD. Kennebec Savings Bank purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $30,000. Institute for Wealth Management LLC. purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter worth about $202,000. Truist Financial Corp purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at about $203,000. SMH Capital Advisors Inc. purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $214,000. Finally, US Bancorp DE raised its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 42.7% in the third quarter. US Bancorp DE now owns 10,701 shares of the company’s stock valued at $248,000 after buying an additional 3,201 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.