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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a significant growth in short interest in 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 daily volume of 62,800 shares, the short-interest ratio is presently 0.5 days.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 0.2 %

NYSE:HTD opened at $23.98 on Thursday. The stock has a fifty day simple moving average of $23.20 and a 200 day simple moving average of $22.95. John Hancock Tax-Advantaged Dividend Income Fund has a 1-year low of $18.28 and a 1-year high of $24.14.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were given a $0.138 dividend. The ex-dividend date was Thursday, March 13th.

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

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter worth approximately $26,000. Elequin Capital LP acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth $46,000. Allworth Financial LP raised its position in 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 valued at $51,000 after buying an additional 1,460 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in 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 worth $162,000 after acquiring an additional 1,875 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its position 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 acquiring an additional 1,897 shares during the period.

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.