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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 21,000 shares, a drop of 7.1% from the May 31st total of 22,600 shares. Based on an average trading volume of 74,700 shares, the short-interest ratio is presently 0.3 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.6 %

Shares of NYSE HTD traded up $0.13 during midday trading on Tuesday, reaching $20.21. The company’s stock had a trading volume of 101,013 shares, compared to its average volume of 81,961. John Hancock Tax-Advantaged Dividend Income Fund has a fifty-two week low of $16.17 and a fifty-two week high of $21.18. The business’s 50 day moving average price is $20.15 and its two-hundred day moving average price is $19.50.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, July 11th will be given a $0.138 dividend. The ex-dividend date of this dividend is Thursday, July 11th.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in HTD. Blue Bell Private Wealth Management LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth $27,000. Creekmur Asset Management LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter worth $30,000. Global Retirement Partners LLC lifted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 97.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,977 shares of the company’s stock worth $38,000 after purchasing an additional 977 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in 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 worth $57,000 after purchasing an additional 2,115 shares during the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the first quarter worth $77,000.

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.