John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Up 288.4% in October

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 100,600 shares, a growth of 288.4% from the September 30th total of 25,900 shares. Based on an average daily trading volume, of 90,000 shares, the days-to-cover ratio is currently 1.1 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Down 0.3 %

Shares of HTD traded down $0.06 during midday trading on Friday, reaching $23.37. 30,174 shares of the stock were exchanged, compared to its average volume of 87,279. John Hancock Tax-Advantaged Dividend Income Fund has a twelve month low of $16.25 and a twelve month high of $23.70. The stock’s 50 day simple moving average is $22.59 and its 200 day simple moving average is $21.05.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be given a $0.138 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date of this dividend is Friday, October 11th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Calamos Advisors LLC increased its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 46.4% in the second quarter. Calamos Advisors LLC now owns 17,568 shares of the company’s stock worth $355,000 after purchasing an additional 5,572 shares during the period. Institute for Wealth Management LLC. bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the second quarter worth $202,000. Central Bank & Trust Co. bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at about $325,000. Cetera Investment Advisers bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter valued at about $3,493,000. Finally, Janney Montgomery Scott LLC grew its position in John Hancock Tax-Advantaged Dividend Income Fund by 11.8% in the first quarter. Janney Montgomery Scott LLC now owns 38,359 shares of the company’s stock valued at $754,000 after acquiring an additional 4,042 shares during the last quarter.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.