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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTDGet Free Report) saw a significant drop in short interest in 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 currently 0.3 days.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 1.3 %

HTD opened at $20.48 on Thursday. 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 of $20.17 and a 200 day moving average of $19.50.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Thursday, July 11th will be given a $0.138 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.66 annualized dividend and a yield of 8.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $27,000. Creekmur Asset Management LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $30,000. Global Retirement Partners LLC lifted its stake 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 last quarter. PNC Financial Services Group Inc. lifted its stake 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 last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter worth about $77,000.

About John Hancock Tax-Advantaged Dividend Income Fund

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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.

Further Reading

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