John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 43,000 shares, a growth of 87.8% from the February 28th total of 22,900 shares. Based on an average daily volume of 118,800 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company's stock are sold short.
John Hancock Premium Dividend Fund Stock Performance
John Hancock Premium Dividend Fund stock traded down $0.01 during midday trading on Tuesday, hitting $13.07. 79,595 shares of the stock were exchanged, compared to its average volume of 107,235. The company has a 50 day moving average price of $12.85 and a two-hundred day moving average price of $12.91. John Hancock Premium Dividend Fund has a 1 year low of $10.65 and a 1 year high of $13.55.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.0825 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.99 annualized dividend and a yield of 7.57%.
Institutional Trading of John Hancock Premium Dividend Fund
Several institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in John Hancock Premium Dividend Fund by 11.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,903 shares of the real estate investment trust's stock worth $177,000 after purchasing an additional 1,400 shares during the period. Ameriflex Group Inc. bought a new stake in shares of John Hancock Premium Dividend Fund in the 4th quarter worth $77,000. Second Line Capital LLC grew its position in John Hancock Premium Dividend Fund by 6.5% in the fourth quarter. Second Line Capital LLC now owns 49,618 shares of the real estate investment trust's stock worth $632,000 after buying an additional 3,026 shares during the last quarter. Bank of America Corp DE increased its stake in John Hancock Premium Dividend Fund by 7.3% in the 4th quarter. Bank of America Corp DE now owns 42,512 shares of the real estate investment trust's stock worth $542,000 after purchasing an additional 2,903 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in John Hancock Premium Dividend Fund by 8.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 50,618 shares of the real estate investment trust's stock worth $645,000 after purchasing an additional 4,026 shares in the last quarter. 12.98% of the stock is owned by institutional investors and hedge funds.
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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