John Hancock Premium Dividend Fund (NYSE:PDT) Short Interest Up 142.3% in May

John Hancock Premium Dividend Fund (NYSE:PDT) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 23,651 shares, an increase of 142.3% from the April 30th total of 9,762 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 118,207 shares, the short-interest ratio is currently 0.2 days.

John Hancock Premium Dividend Fund Stock Performance

PDT stock traded down $0.02 during trading on Friday, hitting $12.89. The company had a trading volume of 136,888 shares, compared to its average volume of 121,205. The business has a 50-day moving average of $13.05 and a 200-day moving average of $13.02. John Hancock Premium Dividend Fund has a one year low of $12.53 and a one year high of $13.65.

John Hancock Premium Dividend Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 11th were issued a dividend of $0.0825 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Monday, May 11th.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in John Hancock Premium Dividend Fund by 43.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,864 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 864 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of John Hancock Premium Dividend Fund by 36.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 889 shares in the last quarter. Pathway Financial Advisers LLC grew its position in shares of John Hancock Premium Dividend Fund by 0.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 229,043 shares of the real estate investment trust’s stock worth $2,909,000 after buying an additional 917 shares during the period. Ausdal Financial Partners Inc. increased its stake in shares of John Hancock Premium Dividend Fund by 2.6% in the 4th quarter. Ausdal Financial Partners Inc. now owns 57,863 shares of the real estate investment trust’s stock valued at $735,000 after acquiring an additional 1,447 shares in the last quarter. Finally, &PARTNERS lifted its position in shares of John Hancock Premium Dividend Fund by 4.0% during the 4th quarter. &PARTNERS now owns 48,708 shares of the real estate investment trust’s stock valued at $619,000 after acquiring an additional 1,852 shares during the period. Institutional investors own 12.98% of the company’s stock.

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.