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

John Hancock Premium Dividend Fund (NYSE:PDT) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 28,746 shares, a decline of 35.8% from the July 30th total of 44,785 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 131,523 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PDT. Independent Financial Group LLC acquired a new stake in John Hancock Premium Dividend Fund during the first quarter valued at $232,000. Calamos Advisors LLC acquired a new position in John Hancock Premium Dividend Fund in the 1st quarter worth about $769,000. Kestra Advisory Services LLC increased its position in John Hancock Premium Dividend Fund by 18.6% in the 1st quarter. Kestra Advisory Services LLC now owns 86,676 shares of the real estate investment trust’s stock worth $1,135,000 after purchasing an additional 13,576 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of John Hancock Premium Dividend Fund during the 1st quarter worth about $196,000. Finally, Pathway Financial Advisers LLC raised its stake in shares of John Hancock Premium Dividend Fund by 1.2% during the 1st quarter. Pathway Financial Advisers LLC now owns 231,745 shares of the real estate investment trust’s stock worth $3,036,000 after purchasing an additional 2,702 shares in the last quarter. Institutional investors and hedge funds own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Trading Down 0.3%

NYSE PDT traded down $0.04 during trading on Wednesday, reaching $12.56. 66,091 shares of the company’s stock were exchanged, compared to its average volume of 124,585. John Hancock Premium Dividend Fund has a fifty-two week low of $12.49 and a fifty-two week high of $13.65. The company’s fifty day simple moving average is $12.82 and its 200-day simple moving average is $12.99.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a dividend of $0.0883 per share. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, September 11th.

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.