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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 21,300 shares, a drop of 35.5% from the May 15th total of 33,000 shares. Based on an average daily volume of 38,000 shares, the short-interest ratio is presently 0.6 days.

John Hancock Hedged Equity & Income Fund Price Performance

Shares of John Hancock Hedged Equity & Income Fund stock remained flat at $10.13 during trading on Friday. The company had a trading volume of 30,586 shares, compared to its average volume of 39,551. John Hancock Hedged Equity & Income Fund has a 12 month low of $9.08 and a 12 month high of $11.08. The stock has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $10.17.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.87%. The ex-dividend date is Thursday, June 13th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HEQ. Advisors Asset Management Inc. bought a new position in John Hancock Hedged Equity & Income Fund during the first quarter valued at approximately $653,000. Vima LLC purchased a new stake in John Hancock Hedged Equity & Income Fund during the 1st quarter valued at $449,000. Commonwealth Equity Services LLC lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 1.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 136,611 shares of the investment management company’s stock valued at $1,433,000 after buying an additional 1,468 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 5.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 47,409 shares of the investment management company’s stock valued at $476,000 after buying an additional 2,573 shares during the period. Finally, Quantedge Capital Pte Ltd purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter worth $133,000.

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.