John Hancock Premium Dividend Fund (PDT) Short Interest Ratio & Short Volume

Short interest is the volume of John Hancock Premium Dividend Fund shares that have been sold short but have not yet been covered or closed out. As of April 30th, investors have sold 26,700 shares of PDT short. Learn More on John Hancock Premium Dividend Fund's current short interest.

John Hancock Premium Dividend Fund saw a decrease in short interest in April. As of April 30th, there was short interest totaling 26,700 shares, a decrease of 21.7% from the previous total of 34,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "finance" compare to John Hancock Premium Dividend Fund: Eagle Bancorp, Inc. (6.75%), Qudian Inc. (0.79%), UP Fintech Holding Limited (2.04%), AlTi Global, Inc. (2.29%), United Fire Group, Inc. (1.22%), Universal Insurance Holdings, Inc. (1.14%), Velocity Financial, Inc. (2.94%), The India Fund, Inc. (6.44%), Anywhere Real Estate Inc. (8.31%), Diversified Healthcare Trust (3.42%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling PDT is an investing strategy that aims to generate trading profit from John Hancock Premium Dividend Fund as its price is falling. PDT shares are trading down $0.03 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for John Hancock Premium Dividend Fund occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PDT, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PDT, twice per month. The most recent reporting period available is April, 30 2024.