Short Interest in John Hancock Premium Dividend Fund (NYSE:PDT) Decreases By 35.8%

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

John Hancock Premium Dividend Fund Trading Down 0.4%

PDT opened at $12.54 on Thursday. The firm has a 50-day moving average price of $12.81 and a 200-day moving average price of $12.99. John Hancock Premium Dividend Fund has a twelve month low of $12.49 and a twelve month high of $13.65.

John Hancock Premium Dividend Fund Announces Dividend

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

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several hedge funds have recently made changes to their positions in PDT. Cetera Investment Advisers grew its holdings in John Hancock Premium Dividend Fund by 30.7% during the 1st quarter. Cetera Investment Advisers now owns 69,349 shares of the real estate investment trust’s stock valued at $908,000 after buying an additional 16,298 shares in the last quarter. Fifth Third Bancorp bought a new stake in John Hancock Premium Dividend Fund during the 1st quarter worth approximately $115,000. Saba Capital Management L.P. purchased a new stake in John Hancock Premium Dividend Fund in the 1st quarter worth approximately $380,000. Independent Financial Group LLC purchased a new stake in John Hancock Premium Dividend Fund in the 1st quarter worth approximately $232,000. Finally, Kestra Advisory Services LLC boosted its holdings 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 valued at $1,135,000 after purchasing an additional 13,576 shares during the period. 12.98% of the stock is currently owned by hedge funds and other institutional investors.

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.