Short Interest in John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Grows By 112.9%

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 29,800 shares, a growth of 112.9% from the March 31st total of 14,000 shares. Based on an average trading volume of 86,600 shares, the short-interest ratio is presently 0.3 days.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

Shares of NYSE:HTD traded up $0.02 during midday trading on Friday, hitting $19.47. The stock had a trading volume of 62,514 shares, compared to its average volume of 87,061. The company’s 50-day moving average price is $19.24 and its 200-day moving average price is $18.63. John Hancock Tax-Advantaged Dividend Income Fund has a fifty-two week low of $16.17 and a fifty-two week high of $21.82.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 11th will be given a dividend of $0.138 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $1.66 annualized dividend and a dividend yield of 8.51%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC bought a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at $27,000. Creekmur Asset Management LLC bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter valued at about $30,000. Global Retirement Partners LLC raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 97.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,977 shares of the company’s stock valued at $38,000 after purchasing an additional 977 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 238.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock valued at $57,000 after purchasing an additional 2,115 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $71,000.

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.