John Hancock Premium Dividend Fund (NYSE:PDT) Short Interest Down 49.7% in June

John Hancock Premium Dividend Fund (NYSE:PDT) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 9,883 shares, a decline of 49.7% from the May 31st total of 19,645 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 140,150 shares, the days-to-cover ratio is presently 0.1 days.

John Hancock Premium Dividend Fund Stock Performance

Shares of NYSE PDT traded up $0.02 during midday trading on Tuesday, hitting $12.86. 35,391 shares of the company’s stock were exchanged, compared to its average volume of 128,231. John Hancock Premium Dividend Fund has a 12 month low of $12.53 and a 12 month high of $13.65. The company’s 50 day moving average price is $12.91 and its 200 day moving average price is $13.00.

John Hancock Premium Dividend Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 13th will be given a $0.0883 dividend. The ex-dividend date of this dividend is Monday, July 13th. This is a boost from John Hancock Premium Dividend Fund’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 8.2%.

Institutional Trading of John Hancock Premium Dividend Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SHP Wealth Management acquired a new position in John Hancock Premium Dividend Fund in the 4th quarter valued at about $27,000. Advisory Services Network LLC acquired a new stake in John Hancock Premium Dividend Fund during the third quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. lifted its position in John Hancock Premium Dividend Fund by 43.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,864 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 864 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of John Hancock Premium Dividend Fund by 36.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 889 shares during the period. Finally, Ameriflex Group Inc. boosted its holdings in shares of John Hancock Premium Dividend Fund by 324.6% during the fourth quarter. Ameriflex Group Inc. now owns 4,246 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 3,246 shares during the period. Institutional investors own 12.98% of the company’s stock.

About John Hancock Premium Dividend Fund

The John Hancock Premium Dividend Fund (NYSE:PDT) is a publicly traded, closed-end management investment company designed to deliver high current income and potential capital growth. The fund’s core strategy centers on dividend-paying and income-producing securities, combining equity and fixed-income instruments to achieve a balanced risk-return profile.

Managed by John Hancock Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, the fund primarily allocates assets to dividend-paying common stocks and preferred stocks of U.S.