Short Interest in John Hancock Premium Dividend Fund (NYSE:PDT) Decreases By 21.8%

John Hancock Premium Dividend Fund (NYSE:PDT) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 22,900 shares, a drop of 21.8% from the February 13th total of 29,300 shares. Based on an average daily volume of 124,200 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

John Hancock Premium Dividend Fund Stock Up 0.8 %

Shares of NYSE PDT traded up $0.11 during mid-day trading on Wednesday, reaching $12.95. The company had a trading volume of 108,237 shares, compared to its average volume of 113,241. John Hancock Premium Dividend Fund has a one year low of $10.65 and a one year high of $13.55. The business’s 50-day simple moving average is $12.79 and its 200 day simple moving average is $12.92.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be given a $0.0825 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC grew its position in John Hancock Premium Dividend Fund by 112.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,017 shares during the last quarter. Ameriflex Group Inc. bought a new position in John Hancock Premium Dividend Fund in the fourth quarter valued at about $77,000. BankPlus Trust Department bought a new position in John Hancock Premium Dividend Fund in the fourth quarter valued at about $113,000. Landscape Capital Management L.L.C. bought a new position in John Hancock Premium Dividend Fund in the fourth quarter valued at about $146,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in John Hancock Premium Dividend Fund by 11.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,903 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Company Profile

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.