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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of 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 currently 0.5 days.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

Shares of NYSE HTD traded down $0.04 during trading hours on Wednesday, hitting $23.98. 82,883 shares of the company’s stock were exchanged, compared to its average volume of 77,547. John Hancock Tax-Advantaged Dividend Income Fund has a 1-year low of $18.28 and a 1-year high of $24.14. The company’s 50-day moving average price is $23.17 and its 200-day moving average price is $22.94.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

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

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its stake in shares of 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 buying an additional 1,875 shares during the period. Cornerstone Advisors LLC bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter worth approximately $304,000. Argentarii LLC bought a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $238,000. Allworth Financial LP increased its holdings 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 in the last quarter. Finally, Mezzasalma Advisors LLC bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at about $271,000.

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.