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

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 21,000 shares, a decrease of 7.1% from the May 31st total of 22,600 shares. Based on an average daily volume of 74,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several large investors have recently bought and sold shares of HTD. Blue Bell Private Wealth Management LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $27,000. Creekmur Asset Management LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $30,000. Global Retirement Partners LLC grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 97.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,977 shares of the company’s stock valued at $38,000 after acquiring an additional 977 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in John Hancock Tax-Advantaged Dividend Income Fund by 238.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock valued at $57,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter valued at about $77,000.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

HTD opened at $20.48 on Thursday. John Hancock Tax-Advantaged Dividend Income Fund has a twelve month low of $16.17 and a twelve month high of $21.18. The company has a 50-day moving average price of $20.17 and a 200 day moving average price of $19.50.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

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

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

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.