John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Short Interest Down 40.3% in June

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,715 shares, a drop of 40.3% from the June 15th total of 9,579 shares. Based on an average daily volume of 38,347 shares, the short-interest ratio is currently 0.1 days.

John Hancock Hedged Equity & Income Fund Stock Performance

Shares of John Hancock Hedged Equity & Income Fund stock traded down $0.10 on Friday, reaching $11.46. 32,843 shares of the stock were exchanged, compared to its average volume of 44,410. The firm’s 50 day moving average is $11.51 and its 200-day moving average is $11.26. John Hancock Hedged Equity & Income Fund has a one year low of $10.36 and a one year high of $11.92.

John Hancock Hedged Equity & Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.7%. The ex-dividend date was Thursday, June 11th.

Institutional Investors Weigh In On John Hancock Hedged Equity & Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of HEQ. Fifth Third Bancorp bought a new stake in shares of John Hancock Hedged Equity & Income Fund during the first quarter worth about $47,000. PNC Financial Services Group Inc. acquired a new position in shares of John Hancock Hedged Equity & Income Fund in the 1st quarter valued at about $109,000. XTX Topco Ltd bought a new position in shares of John Hancock Hedged Equity & Income Fund during the 4th quarter worth approximately $144,000. B. Riley Wealth Advisors Inc. bought a new position in John Hancock Hedged Equity & Income Fund during the second quarter worth $168,000. Finally, &PARTNERS acquired a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at about $174,000.

John Hancock Hedged Equity & Income Fund Company Profile

The John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end management investment company that seeks to provide shareholders with a high level of income coupled with the potential for capital appreciation. Listed on the New York Stock Exchange, the fund is managed by John Hancock Investment Management, a subsidiary of Manulife Financial. The fund’s investment objective emphasizes total return, balancing dividend and option premium income with equity market participation.

The fund pursues its goal by investing primarily in a diversified portfolio of U.S.