John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Up 22.4% in February

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 27,122 shares, a growth of 22.4% from the February 12th total of 22,162 shares. Based on an average daily trading volume, of 72,078 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 72,078 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several large investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter valued at approximately $55,000. Cetera Investment Advisers raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 11.9% in the 4th quarter. Cetera Investment Advisers now owns 200,994 shares of the company’s stock valued at $4,756,000 after purchasing an additional 21,406 shares during the last quarter. &PARTNERS raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 51.1% in the 4th quarter. &PARTNERS now owns 29,716 shares of the company’s stock valued at $703,000 after purchasing an additional 10,048 shares during the last quarter. Royal Bank of Canada lifted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 1.0% in the 4th quarter. Royal Bank of Canada now owns 189,865 shares of the company’s stock valued at $4,492,000 after purchasing an additional 1,835 shares in the last quarter. Finally, Resources Management Corp CT ADV purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at $30,000.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 1.2%

Shares of NYSE:HTD traded up $0.30 during midday trading on Monday, reaching $25.35. 52,712 shares of the company’s stock traded hands, compared to its average volume of 71,770. The company has a fifty day simple moving average of $24.78 and a two-hundred day simple moving average of $24.54. John Hancock Tax-Advantaged Dividend Income Fund has a 1 year low of $20.31 and a 1 year high of $26.12.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be paid a $0.158 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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.