John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Sees Large Growth in Short Interest

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 53,400 shares, an increase of 97.0% from the January 31st total of 27,100 shares. Based on an average trading volume of 66,400 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth approximately $928,000. Elequin Capital LP acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth approximately $46,000. Cetera Investment Advisers increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 153,037 shares of the company’s stock worth $3,370,000 after purchasing an additional 3,846 shares in the last quarter. Captrust Financial Advisors increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 152.2% during the 4th quarter. Captrust Financial Advisors now owns 454,419 shares of the company’s stock worth $10,006,000 after purchasing an additional 274,236 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 67.7% during the 4th quarter. Ameriprise Financial Inc. now owns 17,318 shares of the company’s stock worth $381,000 after purchasing an additional 6,991 shares in the last quarter.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 0.8 %

Shares of HTD stock traded up $0.18 during trading hours on Friday, hitting $23.48. 67,426 shares of the company were exchanged, compared to its average volume of 63,021. The firm has a fifty day moving average of $22.69 and a 200 day moving average of $22.67. John Hancock Tax-Advantaged Dividend Income Fund has a 1 year low of $18.28 and a 1 year high of $23.88.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.138 per share. The ex-dividend date of this dividend was Thursday, February 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.