John Hancock Premium Dividend Fund (NYSE:PDT) Sees Significant Increase in Short Interest

John Hancock Premium Dividend Fund (NYSE:PDT) was the target of a significant increase in short interest in 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 shares of the stock are sold short. Based on an average daily trading volume, of 118,207 shares, the days-to-cover ratio is currently 0.2 days.

John Hancock Premium Dividend Fund Stock Down 1.2%

Shares of PDT opened at $12.73 on Tuesday. The stock has a 50 day simple moving average of $13.04 and a two-hundred day simple moving average of $13.01. John Hancock Premium Dividend Fund has a 1 year low of $12.53 and a 1 year high of $13.65.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be given a $0.0825 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a yield of 7.8%.

Institutional Trading of John Hancock Premium Dividend Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PDT. Invesco Ltd. lifted its position in John Hancock Premium Dividend Fund by 2.4% in the second quarter. Invesco Ltd. now owns 687,451 shares of the real estate investment trust’s stock valued at $9,054,000 after purchasing an additional 16,425 shares during the last quarter. Raymond James Financial Inc. lifted its position in John Hancock Premium Dividend Fund by 9.3% in the second quarter. Raymond James Financial Inc. now owns 28,567 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 2,425 shares during the last quarter. Nomura Holdings Inc. bought a new stake in John Hancock Premium Dividend Fund in the second quarter valued at approximately $132,000. PNC Financial Services Group Inc. lifted its position 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 valued at $44,000 after purchasing an additional 889 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in John Hancock Premium Dividend Fund by 4.6% in the third quarter. Axxcess Wealth Management LLC now owns 509,810 shares of the real estate investment trust’s stock valued at $6,801,000 after purchasing an additional 22,316 shares during the last quarter. 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.