John Hancock Premium Dividend Fund (NYSE:PDT) Short Interest Down 31.8% in January

John Hancock Premium Dividend Fund (NYSE:PDT) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 57,600 shares, a decline of 31.8% from the January 15th total of 84,400 shares. Based on an average daily trading volume, of 118,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of John Hancock Premium Dividend Fund

A number of institutional investors have recently bought and sold shares of the company. Ausdal Financial Partners Inc. boosted its position in John Hancock Premium Dividend Fund by 1.7% during the fourth quarter. Ausdal Financial Partners Inc. now owns 57,932 shares of the real estate investment trust’s stock worth $738,000 after purchasing an additional 983 shares in the last quarter. Sound Income Strategies LLC boosted its position in John Hancock Premium Dividend Fund by 112.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,017 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in John Hancock Premium Dividend Fund by 0.6% during the fourth quarter. Pathway Financial Advisers LLC now owns 222,209 shares of the real estate investment trust’s stock worth $2,831,000 after purchasing an additional 1,428 shares in the last quarter. Arlington Capital Management Inc. boosted its position in John Hancock Premium Dividend Fund by 15.2% during the fourth quarter. Arlington Capital Management Inc. now owns 14,426 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in John Hancock Premium Dividend Fund by 3.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 147,648 shares of the real estate investment trust’s stock worth $1,881,000 after purchasing an additional 5,328 shares in the last quarter. 12.98% of the stock is currently owned by hedge funds and other institutional investors.

John Hancock Premium Dividend Fund Stock Down 0.1 %

PDT traded down $0.01 during trading on Friday, reaching $12.95. 84,864 shares of the stock were exchanged, compared to its average volume of 87,239. The business’s 50 day moving average price is $12.69 and its two-hundred day moving average price is $12.88. John Hancock Premium Dividend Fund has a 1 year low of $10.65 and a 1 year high of $13.55.

John Hancock Premium Dividend Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.0825 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.99 dividend on an annualized basis and a yield of 7.64%.

John Hancock Premium Dividend Fund Company Profile

John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.