John Hancock Premium Dividend Fund (NYSE:PDT) Stock Short Interest Report for October

John Hancock Premium Dividend Fund (NYSE:PDT – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 38,708 shares, a decrease of 44.4% from the September 30th total of 69,679 shares. Based on an average daily trading volume, of 168,177 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

John Hancock Premium Dividend Fund Stock Down 0.1%

John Hancock Premium Dividend Fund stock traded down $0.01 during midday trading on Friday, hitting $12.04. 139,056 shares of the stock were exchanged, compared to its average volume of 141,358. John Hancock Premium Dividend Fund has a 52-week low of $11.49 and a 52-week high of $13.65. The business’s 50-day moving average price is $12.07 and its 200-day moving average price is $12.78.

John Hancock Premium Dividend Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 13th were given a $0.0883 dividend. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $1.06 annualized dividend and a yield of 8.8%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC grew its holdings in John Hancock Premium Dividend Fund by 1.3% during the third quarter. Pathway Financial Advisers LLC now owns 232,538 shares of the real estate investment trust’s stock valued at $2,725,000 after purchasing an additional 3,086 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in John Hancock Premium Dividend Fund by 10.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 10,502 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 968 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in John Hancock Premium Dividend Fund by 14.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 47,994 shares of the real estate investment trust’s stock worth $562,000 after acquiring an additional 6,150 shares during the period. Axxcess Wealth Management LLC increased its holdings in John Hancock Premium Dividend Fund by 7.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 645,219 shares of the real estate investment trust’s stock worth $7,562,000 after acquiring an additional 43,097 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in John Hancock Premium Dividend Fund by 36.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 14,898 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 4,000 shares in the last quarter. 12.98% of the stock is currently owned by hedge funds and other institutional investors.

About John Hancock Premium Dividend Fund

(Get Free Report)

John Hancock Premium Dividend Fund (NYSE: PDT) is a diversified closed-end investment company managed by John Hancock Investment Management LLC. The fund seeks to provide investors with a high level of current income while also pursuing long-term capital appreciation and preservation of capital.

The fund invests primarily in income-producing securities, including preferred stocks and dividend-paying common stocks. Its portfolio has historically emphasized companies in the utilities sector, although the fund may invest across other industries and in both domestic and international markets.

Further Reading

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