John Hancock Premium Dividend Fund (NYSE:PDT) Short Interest Down 85.5% in April

John Hancock Premium Dividend Fund (NYSE:PDT) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 9,762 shares, a decline of 85.5% from the April 15th total of 67,270 shares. Based on an average daily volume of 124,563 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of John Hancock Premium Dividend Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PDT. Invesco Ltd. boosted its stake in John Hancock Premium Dividend Fund by 2.4% in the second quarter. Invesco Ltd. now owns 687,451 shares of the real estate investment trust’s stock worth $9,054,000 after buying an additional 16,425 shares in the last quarter. Raymond James Financial Inc. raised its position in John Hancock Premium Dividend Fund by 9.3% in the 2nd quarter. Raymond James Financial Inc. now owns 28,567 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 2,425 shares during the period. Nomura Holdings Inc. purchased a new position in John Hancock Premium Dividend Fund in the 2nd quarter worth $132,000. First Horizon Corp purchased a new position in John Hancock Premium Dividend Fund in the 3rd quarter worth $43,000. Finally, Wolverine Asset Management LLC purchased a new position in John Hancock Premium Dividend Fund in the 3rd quarter worth $158,000. Hedge funds and other institutional investors own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Trading Up 0.1%

PDT stock traded up $0.02 during mid-day trading on Thursday, hitting $12.93. 153,680 shares of the stock were exchanged, compared to its average volume of 122,382. The business has a fifty day moving average price of $13.15 and a 200 day moving average price of $13.03. John Hancock Premium Dividend Fund has a 12 month low of $12.52 and a 12 month high of $13.65.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.0825 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a yield of 7.7%.

About John Hancock Premium Dividend Fund

The John Hancock Premium Dividend Fund (NYSE:PDT) is a publicly traded, closed-end management investment company designed to deliver high current income and potential capital growth. The fund’s core strategy centers on dividend-paying and income-producing securities, combining equity and fixed-income instruments to achieve a balanced risk-return profile.

Managed by John Hancock Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, the fund primarily allocates assets to dividend-paying common stocks and preferred stocks of U.S.