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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTDGet Free Report) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 28,600 shares, a drop of 39.5% from the January 15th total of 47,300 shares. Based on an average daily volume of 107,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Institutional investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at $27,000. Oakworth Capital Inc. acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at $31,000. Tyler Stone Wealth Management acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at $31,000. Center for Financial Planning Inc. acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at $32,000. Finally, Global Retirement Partners LLC grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 97.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,977 shares of the company’s stock valued at $38,000 after buying an additional 977 shares during the period.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

HTD traded up $0.19 during trading on Monday, reaching $19.02. 65,330 shares of the company’s stock were exchanged, compared to its average volume of 92,510. The company’s fifty day moving average price is $19.00 and its 200-day moving average price is $18.57. John Hancock Tax-Advantaged Dividend Income Fund has a fifty-two week low of $16.17 and a fifty-two week high of $24.14.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.138 per share. This represents a $1.66 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date is Friday, February 9th.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

(Get Free Report)

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.

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