Short Interest in John Hancock Premium Dividend Fund (NYSE:PDT) Decreases By 85.5%

John Hancock Premium Dividend Fund (NYSE:PDT) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 9,762 shares, a decrease of 85.5% from the April 15th total of 67,270 shares. Based on an average daily volume of 124,563 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of John Hancock Premium Dividend Fund by 96,097.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,755,098 shares of the real estate investment trust’s stock worth $34,990,000 after purchasing an additional 2,752,234 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of John Hancock Premium Dividend Fund by 0.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 229,043 shares of the real estate investment trust’s stock worth $2,909,000 after purchasing an additional 917 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of John Hancock Premium Dividend Fund by 2,093.1% in the fourth quarter. Wolverine Asset Management LLC now owns 260,103 shares of the real estate investment trust’s stock worth $3,303,000 after purchasing an additional 248,243 shares during the period. Coquina Private Wealth LLC bought a new position in shares of John Hancock Premium Dividend Fund in the fourth quarter worth $466,000. Finally, Shaker Financial Services LLC increased its holdings in shares of John Hancock Premium Dividend Fund by 16.1% in the fourth quarter. Shaker Financial Services LLC now owns 114,265 shares of the real estate investment trust’s stock worth $1,451,000 after purchasing an additional 15,812 shares during the period. Hedge funds and other institutional investors own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Price Performance

John Hancock Premium Dividend Fund stock traded down $0.01 during trading on Tuesday, hitting $12.96. The stock had a trading volume of 95,704 shares, compared to its average volume of 127,296. John Hancock Premium Dividend Fund has a 1 year low of $12.42 and a 1 year high of $13.65. The stock’s 50 day moving average is $13.18 and its two-hundred day moving average is $13.03.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be paid a $0.0825 dividend. The ex-dividend date is Monday, May 11th. This represents a c) annualized dividend and a yield of 7.6%.

John Hancock Premium Dividend Fund Company Profile

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.