Short Interest in John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Rises By 26.9%

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 34,400 shares, a growth of 26.9% from the February 28th total of 27,100 shares. Based on an average trading volume of 62,800 shares, the short-interest ratio is currently 0.5 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 34.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,375 shares of the company’s stock valued at $162,000 after acquiring an additional 1,875 shares during the last quarter. Cornerstone Advisors LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at $304,000. Argentarii LLC acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth $238,000. Allworth Financial LP increased its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 184.8% during the fourth quarter. Allworth Financial LP now owns 2,250 shares of the company’s stock worth $51,000 after buying an additional 1,460 shares during the period. Finally, Mezzasalma Advisors LLC bought a new position in John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth $271,000.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

Shares of NYSE:HTD traded up $0.02 during mid-day trading on Tuesday, reaching $23.95. 34,651 shares of the company’s stock were exchanged, compared to its average volume of 77,388. John Hancock Tax-Advantaged Dividend Income Fund has a twelve month low of $18.28 and a twelve month high of $24.12. The business’s fifty day moving average price is $23.14 and its 200-day moving average price is $22.93.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.138 per share. The ex-dividend date was Thursday, March 13th.

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.