John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Up 28.6% in April

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 19,666 shares, a growth of 28.6% from the March 31st total of 15,291 shares. Based on an average trading volume of 56,234 shares, the short-interest ratio is presently 0.3 days.

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

HTD stock traded up $0.08 during mid-day trading on Wednesday, reaching $25.32. 75,535 shares of the stock traded hands, compared to its average volume of 65,751. John Hancock Tax-Advantaged Dividend Income Fund has a one year low of $22.23 and a one year high of $26.12. The business has a 50-day moving average price of $25.17 and a two-hundred day moving average price of $24.64.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 13th will be given a dividend of $0.158 per share. The ex-dividend date is Monday, April 13th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HTD. Ameriflex Group Inc. increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $26,000. Resources Management Corp CT ADV bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $30,000. Global Wealth Strategies & Associates bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $34,000. Finally, Assetmark Inc. grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 445.0% in the fourth quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock worth $36,000 after purchasing an additional 1,246 shares during the last quarter.

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.