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

John Hancock Premium Dividend Fund (NYSE:PDT) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 45,904 shares, an increase of 769.2% from the June 30th total of 5,281 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 111,216 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of John Hancock Premium Dividend Fund

A number of institutional investors have recently modified their holdings of PDT. SHP Wealth Management purchased a new stake in John Hancock Premium Dividend Fund in the 4th quarter worth approximately $27,000. Advisory Services Network LLC bought a new stake in shares of John Hancock Premium Dividend Fund during the third quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. grew its position in shares of John Hancock Premium Dividend Fund by 43.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,864 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 864 shares during the period. PNC Financial Services Group Inc. grew its holdings in John Hancock Premium Dividend Fund by 36.4% in 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 purchasing an additional 889 shares during the period. Finally, Ameriflex Group Inc. grew its stake in shares of John Hancock Premium Dividend Fund by 324.6% in the 4th quarter. Ameriflex Group Inc. now owns 4,246 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 3,246 shares during the last quarter. 12.98% of the stock is currently owned by hedge funds and other institutional investors.

John Hancock Premium Dividend Fund Price Performance

Shares of John Hancock Premium Dividend Fund stock traded up $0.02 during trading on Friday, reaching $12.90. The company’s stock had a trading volume of 91,680 shares, compared to its average volume of 110,867. The firm’s 50-day moving average is $12.86 and its two-hundred day moving average is $13.03. John Hancock Premium Dividend Fund has a 52-week low of $12.53 and a 52-week high of $13.65.

John Hancock Premium Dividend Fund Increases Dividend

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

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.