John Hancock Premium Dividend Fund (NYSE:PDT) Short Interest Down 49.2% in November
John Hancock Premium Dividend Fund (NYSE:PDT – Get Free Report) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 50,400 shares, a drop of 49.2% from the November 15th total of 99,300 shares. Based on an average daily trading volume, of 156,000 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
Institutional investors have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of John Hancock Premium Dividend Fund by 75.5% during the 3rd quarter. Invesco Ltd. now owns 591,654 shares of the real estate investment trust’s stock valued at $5,692,000 after purchasing an additional 254,527 shares in the last quarter. Bridge Advisory LLC raised its holdings in John Hancock Premium Dividend Fund by 5.6% in the 3rd quarter. Bridge Advisory LLC now owns 474,319 shares of the real estate investment trust’s stock worth $4,563,000 after acquiring an additional 25,254 shares during the period. Cohen & Steers Inc. raised its holdings in John Hancock Premium Dividend Fund by 43.7% in the 2nd quarter. Cohen & Steers Inc. now owns 353,691 shares of the real estate investment trust’s stock worth $4,166,000 after acquiring an additional 107,493 shares during the period. LPL Financial LLC raised its holdings in John Hancock Premium Dividend Fund by 36.6% in the 3rd quarter. LPL Financial LLC now owns 319,751 shares of the real estate investment trust’s stock worth $3,076,000 after acquiring an additional 85,687 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in John Hancock Premium Dividend Fund by 12.5% in the 2nd quarter. Osaic Holdings Inc. now owns 304,024 shares of the real estate investment trust’s stock worth $3,581,000 after acquiring an additional 33,673 shares during the period. Institutional investors and hedge funds own 7.95% of the company’s stock.
John Hancock Premium Dividend Fund Trading Up 2.7 %
NYSE:PDT traded up $0.28 during trading hours on Wednesday, reaching $10.69. 219,092 shares of the company’s stock were exchanged, compared to its average volume of 135,613. The business’s 50-day simple moving average is $9.98 and its two-hundred day simple moving average is $10.51. John Hancock Premium Dividend Fund has a 12 month low of $8.77 and a 12 month high of $13.77.
John Hancock Premium Dividend Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a $0.0825 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date of this dividend is Friday, December 8th.
John Hancock Premium Dividend Fund Company Profile (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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