John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Short Interest Update

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 10,000 shares, a growth of 233.3% from the December 15th total of 3,000 shares. Based on an average daily trading volume, of 38,500 shares, the days-to-cover ratio is currently 0.3 days.

Shares of NYSE:HEQ traded down $0.02 during midday trading on Friday, reaching $13.37. The company had a trading volume of 5 shares, compared to its average volume of 38,691. John Hancock Hedged Equity & Income Fund has a 1-year low of $11.13 and a 1-year high of $13.81. The company has a fifty day simple moving average of $12.91 and a two-hundred day simple moving average of $13.10.

The business also recently declared a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Monday, December 13th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, December 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.68%.

Several large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its stake in John Hancock Hedged Equity & Income Fund by 68.7% in the 3rd quarter. Guggenheim Capital LLC now owns 205,118 shares of the investment management company’s stock worth $2,574,000 after acquiring an additional 83,526 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in John Hancock Hedged Equity & Income Fund in the 3rd quarter worth about $227,000. Virtu Financial LLC purchased a new stake in shares of John Hancock Hedged Equity & Income Fund during the 2nd quarter worth about $191,000. UBS Group AG raised its stake in shares of John Hancock Hedged Equity & Income Fund by 12.8% during the 3rd quarter. UBS Group AG now owns 116,984 shares of the investment management company’s stock worth $1,468,000 after purchasing an additional 13,290 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of John Hancock Hedged Equity & Income Fund by 6.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 122,467 shares of the investment management company’s stock worth $1,536,000 after purchasing an additional 7,947 shares in the last quarter.

John Hancock Hedged Equity & Income Fund Company Profile

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.

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