John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Up 51.6% in January

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 23,986 shares, an increase of 51.6% from the January 15th total of 15,821 shares. Based on an average daily trading volume, of 67,096 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 67,096 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% during the first quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock valued at $3,964,000 after acquiring an additional 708 shares during the period. Jones Financial Companies Lllp acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter worth about $48,000. Spire Wealth Management lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 22.1% during the 2nd quarter. Spire Wealth Management now owns 25,404 shares of the company’s stock worth $594,000 after buying an additional 4,597 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the second quarter valued at $188,000. Finally, Shaker Financial Services LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at about $548,000.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

Shares of John Hancock Tax-Advantaged Dividend Income Fund stock traded up $0.44 during trading hours on Friday, hitting $25.52. 86,363 shares of the company were exchanged, compared to its average volume of 78,535. The business has a 50-day moving average of $24.06 and a 200-day moving average of $24.39. John Hancock Tax-Advantaged Dividend Income Fund has a 1 year low of $20.31 and a 1 year high of $25.65.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be issued a $0.158 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 7.4%.

About John Hancock Tax-Advantaged Dividend Income Fund

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.