John Hancock Premium Dividend Fund (NYSE:PDT) Short Interest Update

John Hancock Premium Dividend Fund (NYSE:PDT) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 22,800 shares, a decrease of 18.0% from the November 15th total of 27,800 shares. Based on an average daily trading volume, of 110,200 shares, the short-interest ratio is presently 0.2 days.

John Hancock Premium Dividend Fund Trading Up 0.2 %

John Hancock Premium Dividend Fund stock traded up $0.02 during mid-day trading on Friday, hitting $12.61. The stock had a trading volume of 135,570 shares, compared to its average volume of 118,185. The firm’s 50 day moving average is $13.01 and its 200 day moving average is $12.53. John Hancock Premium Dividend Fund has a one year low of $10.41 and a one year high of $13.55.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be paid a $0.0825 dividend. This represents a $0.99 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Trading of John Hancock Premium Dividend Fund

Hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in John Hancock Premium Dividend Fund in the 2nd quarter worth $164,000. HighTower Advisors LLC purchased a new stake in John Hancock Premium Dividend Fund in the 3rd quarter worth about $212,000. EP Wealth Advisors LLC purchased a new stake in John Hancock Premium Dividend Fund in the 3rd quarter worth about $229,000. J.W. Cole Advisors Inc. raised its position in John Hancock Premium Dividend Fund by 7.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,921 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,221 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new stake in John Hancock Premium Dividend Fund in the 3rd quarter worth about $291,000. Hedge funds and other institutional investors own 12.98% of the company’s stock.

About John Hancock Premium Dividend Fund

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.