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 growth in short interest during 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 volume of 66,400 shares, the short-interest ratio is currently 0.8 days.

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

Shares of NYSE:HTD traded up $0.18 during midday trading on Friday, hitting $23.48. The company had a trading volume of 67,426 shares, compared to its average volume of 63,021. John Hancock Tax-Advantaged Dividend Income Fund has a 12 month low of $18.28 and a 12 month high of $23.88. The firm has a fifty day simple moving average of $22.69 and a 200 day simple moving average of $22.68.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.138 dividend. The ex-dividend date was Thursday, February 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $26,000. Kennebec Savings Bank bought a new position in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth about $30,000. Elequin Capital LP bought a new position in John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth about $46,000. Allworth Financial LP lifted its holdings 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 worth $51,000 after acquiring an additional 1,460 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings 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 worth $162,000 after acquiring an additional 1,875 shares in the last quarter.

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.