John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 28,700 shares, a drop of 33.3% from the March 15th total of 43,000 shares. Based on an average daily volume of 119,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
A number of hedge funds have recently modified their holdings of PDT. HighTower Advisors LLC purchased a new position in John Hancock Premium Dividend Fund during the third quarter valued at $212,000. Jane Street Group LLC bought a new position in shares of John Hancock Premium Dividend Fund in the third quarter worth about $382,000. Sound Income Strategies LLC raised its stake in shares of John Hancock Premium Dividend Fund by 112.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock worth $25,000 after buying an additional 1,017 shares during the period. Calamos Advisors LLC lifted its position in shares of John Hancock Premium Dividend Fund by 19.3% during the 4th quarter. Calamos Advisors LLC now owns 56,963 shares of the real estate investment trust's stock valued at $726,000 after buying an additional 9,209 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of John Hancock Premium Dividend Fund by 3.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 147,648 shares of the real estate investment trust's stock valued at $1,881,000 after acquiring an additional 5,328 shares during the period. Institutional investors own 12.98% of the company's stock.
John Hancock Premium Dividend Fund Price Performance
Shares of NYSE PDT traded up $0.22 during midday trading on Wednesday, hitting $12.60. 172,990 shares of the company's stock traded hands, compared to its average volume of 114,039. The firm has a fifty day moving average of $12.63 and a 200 day moving average of $12.78. John Hancock Premium Dividend Fund has a 1 year low of $10.97 and a 1 year high of $13.55.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a $0.0825 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.99 annualized dividend and a yield of 7.86%.
John Hancock Premium Dividend Fund Company Profile
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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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