John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 8,470,000 shares, an increase of 5,769.7% from the March 15th total of 144,300 shares. Based on an average daily trading volume, of 4,546,000 shares, the days-to-cover ratio is currently 1.9 days.
John Hancock Premium Dividend Fund Stock Down 2.1 %
Shares of PDT stock traded down $0.25 during trading on Wednesday, reaching $11.36. The company had a trading volume of 112,331 shares, compared to its average volume of 141,118. The firm's 50 day simple moving average is $11.40 and its two-hundred day simple moving average is $10.65. John Hancock Premium Dividend Fund has a one year low of $8.77 and a one year high of $13.05.
John Hancock Premium Dividend Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 11th will be paid a $0.0825 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend is Wednesday, April 10th.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in PDT. Creative Planning bought a new position in John Hancock Premium Dividend Fund in the 3rd quarter worth approximately $34,000. Captrust Financial Advisors acquired a new stake in shares of John Hancock Premium Dividend Fund during the 2nd quarter worth approximately $84,000. Comerica Bank acquired a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter worth approximately $87,000. Northern Trust Corp acquired a new stake in shares of John Hancock Premium Dividend Fund during the 4th quarter worth approximately $117,000. Finally, CTC Alternative Strategies Ltd. acquired a new stake in John Hancock Premium Dividend Fund in the 4th quarter valued at $140,000. 12.98% of the stock is owned by institutional investors.
About John Hancock Premium Dividend Fund
(
Get Free Report)
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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