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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 27,100 shares, a decline of 49.3% from the February 13th total of 53,400 shares. Based on an average trading volume of 65,100 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter worth approximately $26,000. Elequin Capital LP bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth $46,000. Allworth Financial LP grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 184.8% in the 4th quarter. Allworth Financial LP now owns 2,250 shares of the company’s stock valued at $51,000 after buying an additional 1,460 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 34.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,375 shares of the company’s stock valued at $162,000 after buying an additional 1,875 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 32.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,757 shares of the company’s stock worth $171,000 after buying an additional 1,897 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

Shares of HTD stock traded up $0.10 during trading hours on Friday, reaching $22.95. The company had a trading volume of 62,159 shares, compared to its average volume of 78,983. John Hancock Tax-Advantaged Dividend Income Fund has a 1-year low of $18.28 and a 1-year high of $23.88. The company has a 50 day moving average of $22.86 and a 200 day moving average of $22.81.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

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

About John Hancock Tax-Advantaged Dividend Income Fund

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.