John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 57,800 shares, a growth of 101.4% from the March 31st total of 28,700 shares. Currently, 0.1% of the company's shares are sold short. Based on an average trading volume of 118,200 shares, the days-to-cover ratio is presently 0.5 days.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC raised its holdings 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 in the last quarter. First Horizon Advisors Inc. purchased a new stake in John Hancock Premium Dividend Fund in the first quarter worth about $42,000. Ameriflex Group Inc. bought a new stake in John Hancock Premium Dividend Fund during the 4th quarter valued at approximately $77,000. BankPlus Trust Department purchased a new position in shares of John Hancock Premium Dividend Fund during the 4th quarter worth approximately $113,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of John Hancock Premium Dividend Fund during the 4th quarter worth approximately $146,000. 12.98% of the stock is owned by hedge funds and other institutional investors.
John Hancock Premium Dividend Fund Stock Performance
Shares of John Hancock Premium Dividend Fund stock traded up $0.07 during trading on Friday, reaching $12.75. 45,442 shares of the stock were exchanged, compared to its average volume of 113,713. John Hancock Premium Dividend Fund has a 1 year low of $11.18 and a 1 year high of $13.55. The stock's fifty day moving average is $12.59 and its 200 day moving average is $12.74.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 12th will be given a $0.0825 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.76%.
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
Before you consider John Hancock Premium Dividend Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Premium Dividend Fund wasn't on the list.
While John Hancock Premium Dividend Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
