Short Interest in John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Rises By 112.9%

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 29,800 shares, an increase of 112.9% from the March 31st total of 14,000 shares. Based on an average trading volume of 86,600 shares, the short-interest ratio is presently 0.3 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

NYSE HTD traded up $0.02 on Friday, hitting $19.47. 62,514 shares of the company’s stock traded hands, compared to its average volume of 87,061. John Hancock Tax-Advantaged Dividend Income Fund has a 1-year low of $16.17 and a 1-year high of $21.82. The firm’s 50-day moving average price is $19.24 and its two-hundred day moving average price is $18.63.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 11th will be paid a $0.138 dividend. This represents a $1.66 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Wednesday, April 10th.

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

Several large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 39,930 shares of the company’s stock worth $709,000 after acquiring an additional 1,158 shares during the period. Raymond James & Associates raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 3.2% during the third quarter. Raymond James & Associates now owns 399,740 shares of the company’s stock worth $7,099,000 after acquiring an additional 12,553 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 2.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 80,731 shares of the company’s stock worth $1,434,000 after acquiring an additional 1,765 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 18.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 70,504 shares of the company’s stock worth $1,252,000 after acquiring an additional 11,065 shares during the period. Finally, Golden Green Inc. raised its position in John Hancock Tax-Advantaged Dividend Income Fund by 5.1% during the third quarter. Golden Green Inc. now owns 48,872 shares of the company’s stock worth $868,000 after acquiring an additional 2,355 shares during the period.

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.