John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Short Interest Update

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 68,000 shares, anincreaseof219.2% from the June 30th total of 21,300 shares. Based on an average trading volume of 69,200 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 69,200 shares, the short-interest ratio is presently 1.0 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

Shares of HTD opened at $24.47 on Wednesday. The company’s 50 day simple moving average is $23.46 and its 200-day simple moving average is $23.04. John Hancock Tax-Advantaged Dividend Income Fund has a 12-month low of $20.31 and a 12-month high of $24.70.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.158 per share. The ex-dividend date is Monday, August 11th. This represents a dividend yield of 775.0%.

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

Hedge funds have recently modified their holdings of the business. North Capital Inc. purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $40,000. Elequin Capital LP purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at $46,000. Jones Financial Companies Lllp purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $48,000. Redmont Wealth Advisors LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $63,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $90,000.

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.