Short Interest in John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Increases By 21.3%

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 13,100 shares, an increase of 21.3% from the July 15th total of 10,800 shares. Based on an average trading volume of 87,200 shares, the short-interest ratio is presently 0.2 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.1 %

Shares of NYSE HTD opened at $21.14 on Friday. John Hancock Tax-Advantaged Dividend Income Fund has a 12-month low of $16.17 and a 12-month high of $21.63. The company has a 50-day moving average of $20.50 and a 200 day moving average of $19.87.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 12th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.66 annualized dividend and a yield of 7.83%.

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

Several institutional investors and hedge funds have recently bought and sold shares of HTD. International Assets Investment Management LLC acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at about $430,000. Wolverine Asset Management LLC boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 70.4% in the 4th quarter. Wolverine Asset Management LLC now owns 79,783 shares of the company’s stock valued at $1,513,000 after purchasing an additional 32,950 shares during the last quarter. Fernwood Investment Management LLC boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 10.0% in the 4th quarter. Fernwood Investment Management LLC now owns 15,252 shares of the company’s stock valued at $289,000 after purchasing an additional 1,383 shares during the last quarter. Private Advisor Group LLC boosted its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 6.6% in the 4th quarter. Private Advisor Group LLC now owns 17,399 shares of the company’s stock valued at $330,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Lincoln National Corp acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at about $269,000.

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.