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 growth in short interest during the month of April. As of April 15th, there was short interest totalling 29,800 shares, a growth of 112.9% from the March 31st total of 14,000 shares. Based on an average daily volume of 86,600 shares, the short-interest ratio is currently 0.3 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

John Hancock Tax-Advantaged Dividend Income Fund stock traded up $0.02 during mid-day trading on Friday, hitting $19.47. The company’s stock had a trading volume of 62,514 shares, compared to its average volume of 87,061. The business has a 50 day moving average price of $19.24 and a 200-day moving average price of $18.63. John Hancock Tax-Advantaged Dividend Income Fund has a 12 month low of $16.17 and a 12 month high of $21.82.

John Hancock Tax-Advantaged Dividend Income Fund Announces Dividend

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

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Karpus Management Inc. purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $2,241,000. Invesco Ltd. grew its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 26.1% in the third quarter. Invesco Ltd. now owns 378,606 shares of the company’s stock worth $6,724,000 after purchasing an additional 78,314 shares during the period. Flow State Investments L.P. grew its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 483.5% in the fourth quarter. Flow State Investments L.P. now owns 83,125 shares of the company’s stock worth $1,577,000 after purchasing an additional 68,880 shares during the period. Wolverine Asset Management LLC grew its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 1,022.6% in the third quarter. Wolverine Asset Management LLC now owns 46,833 shares of the company’s stock worth $832,000 after purchasing an additional 42,661 shares during the period. Finally, AQR Arbitrage LLC purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter worth about $455,000.

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.