John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Update

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 75,228 shares, a growth of 235.7% from the April 30th total of 22,406 shares. Based on an average daily volume of 49,341 shares, the days-to-cover ratio is presently 1.5 days.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

HTD traded down $0.07 during trading on Friday, reaching $25.66. The company’s stock had a trading volume of 70,269 shares, compared to its average volume of 63,902. John Hancock Tax-Advantaged Dividend Income Fund has a 52-week low of $22.40 and a 52-week high of $26.20. The company’s fifty day moving average price is $25.20 and its 200-day moving average price is $24.74.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 11th were given a $0.158 dividend. The ex-dividend date was Monday, May 11th. This represents a c) annualized dividend and a yield of 7.4%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HTD. Royal Bank of Canada raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% in the first quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock worth $3,964,000 after acquiring an additional 708 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter worth approximately $48,000. Invesco Ltd. grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 5.2% in the 2nd quarter. Invesco Ltd. now owns 545,627 shares of the company’s stock worth $12,762,000 after acquiring an additional 26,885 shares during the period. First Trust Advisors LP grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 2.3% during the 2nd quarter. First Trust Advisors LP now owns 120,175 shares of the company’s stock valued at $2,811,000 after buying an additional 2,677 shares during the period. Finally, Walleye Capital LLC grew its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 11.7% during the 2nd quarter. Walleye Capital LLC now owns 27,100 shares of the company’s stock valued at $634,000 after buying an additional 2,841 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.