John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 57,800 shares, an increase of 101.4% from the March 31st total of 28,700 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 118,200 shares, the short-interest ratio is presently 0.5 days.
John Hancock Premium Dividend Fund Stock Performance
PDT stock traded down $0.04 during mid-day trading on Monday, hitting $12.59. The stock had a trading volume of 65,680 shares, compared to its average volume of 113,964. John Hancock Premium Dividend Fund has a 1-year low of $11.18 and a 1-year high of $13.55. The company has a fifty day moving average of $12.61 and a 200 day moving average of $12.75.
John Hancock Premium Dividend Fund Dividend Announcement
The company also recently announced 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. This represents a $0.99 annualized dividend and a yield of 7.86%. The ex-dividend date is Friday, April 11th.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC increased its position in John Hancock Premium Dividend Fund by 112.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 1,017 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of John Hancock Premium Dividend Fund during the 1st quarter valued at about $42,000. Ameriflex Group Inc. acquired a new position in shares of John Hancock Premium Dividend Fund during the 4th quarter valued at about $77,000. BankPlus Trust Department acquired a new position in shares of John Hancock Premium Dividend Fund during the 4th quarter valued at about $113,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of John Hancock Premium Dividend Fund during the 4th quarter valued at about $146,000. 12.98% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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