John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 57,600 shares, a decrease of 31.8% from the January 15th total of 84,400 shares. Based on an average trading volume of 118,000 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in PDT. Sound Income Strategies LLC grew its position in shares of John Hancock Premium Dividend Fund by 112.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 1,017 shares during the last quarter. BankPlus Trust Department acquired a new stake in John Hancock Premium Dividend Fund during the 4th quarter worth $113,000. Landscape Capital Management L.L.C. purchased a new position in John Hancock Premium Dividend Fund during the 4th quarter worth $146,000. Arlington Capital Management Inc. increased its stake in John Hancock Premium Dividend Fund by 15.2% in the fourth quarter. Arlington Capital Management Inc. now owns 14,426 shares of the real estate investment trust's stock valued at $184,000 after purchasing an additional 1,906 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in shares of John Hancock Premium Dividend Fund in the third quarter valued at about $212,000. Institutional investors and hedge funds own 12.98% of the company's stock.
John Hancock Premium Dividend Fund Stock Performance
Shares of PDT stock traded down $0.05 during mid-day trading on Tuesday, hitting $12.90. 211,241 shares of the stock were exchanged, compared to its average volume of 97,205. The stock's fifty day simple moving average is $12.69 and its two-hundred day simple moving average is $12.89. John Hancock Premium Dividend Fund has a 12-month low of $10.65 and a 12-month high of $13.55.
John Hancock Premium Dividend Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a dividend of $0.0825 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.99 dividend on an annualized basis and a yield of 7.67%.
About John Hancock Premium Dividend Fund
(
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John Hancock Premium Dividend 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. 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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