John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Sees Significant Decline in Short Interest

John Hancock Hedged Equity & Income Fund (NYSE:HEQGet Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 2,000 shares, a drop of 65.5% from the April 15th total of 5,800 shares. Based on an average trading volume of 32,900 shares, the days-to-cover ratio is currently 0.1 days.

A number of hedge funds and other institutional investors have recently modified their holdings of HEQ. Raymond James & Associates boosted its holdings in John Hancock Hedged Equity & Income Fund by 5.1% in the third quarter. Raymond James & Associates now owns 16,308 shares of the investment management company’s stock worth $205,000 after acquiring an additional 791 shares in the last quarter. Royal Bank of Canada raised its stake in shares of John Hancock Hedged Equity & Income Fund by 36.8% in the third quarter. Royal Bank of Canada now owns 11,057 shares of the investment management company’s stock worth $139,000 after purchasing an additional 2,977 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of John Hancock Hedged Equity & Income Fund by 68.7% in the third quarter. Guggenheim Capital LLC now owns 205,118 shares of the investment management company’s stock worth $2,574,000 after purchasing an additional 83,526 shares during the last quarter. UBS Group AG raised its stake in shares of John Hancock Hedged Equity & Income Fund by 12.8% in the third quarter. UBS Group AG now owns 116,984 shares of the investment management company’s stock worth $1,468,000 after purchasing an additional 13,290 shares during the last quarter. Finally, National Asset Management Inc. raised its stake in shares of John Hancock Hedged Equity & Income Fund by 13.5% in the third quarter. National Asset Management Inc. now owns 17,461 shares of the investment management company’s stock worth $220,000 after purchasing an additional 2,075 shares during the last quarter.

NYSE HEQ traded up $0.14 during trading on Friday, hitting $12.54. The company’s stock had a trading volume of 11,724 shares, compared to its average volume of 35,432. The business’s 50 day simple moving average is $12.91 and its 200-day simple moving average is $12.92. John Hancock Hedged Equity & Income Fund has a fifty-two week low of $11.63 and a fifty-two week high of $13.81.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 9.25%. The ex-dividend date was Thursday, March 10th.

About John Hancock Hedged Equity & Income Fund (Get Rating)

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.

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