John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Short Interest Update

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 14,400 shares, an increase of 33.3% from the August 15th total of 10,800 shares. Based on an average daily volume of 29,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised its stake in John Hancock Hedged Equity & Income Fund by 9.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,914 shares of the investment management company’s stock worth $508,000 after buying an additional 4,078 shares during the period. Logan Stone Capital LLC lifted its stake in shares of John Hancock Hedged Equity & Income Fund by 8.5% in the second quarter. Logan Stone Capital LLC now owns 68,435 shares of the investment management company’s stock valued at $711,000 after buying an additional 5,335 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of John Hancock Hedged Equity & Income Fund by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 138,969 shares of the investment management company’s stock worth $1,444,000 after acquiring an additional 2,358 shares in the last quarter. Vima LLC bought a new position in John Hancock Hedged Equity & Income Fund in the 1st quarter valued at about $449,000. Finally, Advisors Asset Management Inc. bought a new position in John Hancock Hedged Equity & Income Fund in the 1st quarter valued at about $653,000.

John Hancock Hedged Equity & Income Fund Trading Up 0.8 %

HEQ stock traded up $0.08 during mid-day trading on Monday, reaching $10.73. The company’s stock had a trading volume of 14,298 shares, compared to its average volume of 35,683. John Hancock Hedged Equity & Income Fund has a 12 month low of $9.08 and a 12 month high of $10.97. The business’s 50 day moving average price is $10.59 and its 200 day moving average price is $10.36.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 9.32%.

About John Hancock Hedged Equity & Income Fund

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.