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

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

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

Shares of HTD traded up $0.22 during trading hours on Monday, reaching $23.72. 44,715 shares of the company traded hands, compared to its average volume of 79,711. The business has a fifty day moving average price of $22.69 and a 200-day moving average price of $22.70. John Hancock Tax-Advantaged Dividend Income Fund has a 12-month low of $18.28 and a 12-month high of $23.88.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.138 per share. The ex-dividend date was Thursday, February 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter valued at approximately $26,000. Kennebec Savings Bank acquired a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter valued at approximately $30,000. Elequin Capital LP purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at $46,000. Allworth Financial LP increased its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 184.8% in the fourth quarter. Allworth Financial LP now owns 2,250 shares of the company’s stock worth $51,000 after acquiring an additional 1,460 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in John Hancock Tax-Advantaged Dividend Income Fund by 34.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,375 shares of the company’s stock valued at $162,000 after purchasing an additional 1,875 shares during the period.

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.