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 decline in short interest in the month of June. As of June 15th, there was short interest totalling 21,000 shares, a decline of 7.1% from the May 31st total of 22,600 shares. Based on an average trading volume of 74,700 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of HTD. Blue Bell Private Wealth Management LLC purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter valued at about $27,000. Creekmur Asset Management LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $30,000. Global Retirement Partners LLC grew its holdings 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 worth $38,000 after purchasing an additional 977 shares during the period. PNC Financial Services Group Inc. grew its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 238.2% in 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 period. Finally, Redmont Wealth Advisors LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter worth about $77,000.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

Shares of NYSE HTD traded up $0.13 during midday trading on Tuesday, hitting $20.21. 101,013 shares of the company traded hands, compared to its average volume of 81,961. John Hancock Tax-Advantaged Dividend Income Fund has a 12-month low of $16.17 and a 12-month high of $21.18. The stock has a 50-day moving average price of $20.15 and a 200 day moving average price of $19.50.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

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

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.