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

John Hancock Premium Dividend Fund (NYSE:PDT) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 22,800 shares, a decrease of 18.0% from the November 15th total of 27,800 shares. Based on an average daily trading volume, of 110,200 shares, the short-interest ratio is presently 0.2 days.

John Hancock Premium Dividend Fund Stock Down 1.2 %

PDT traded down $0.15 on Monday, reaching $12.46. The company had a trading volume of 134,246 shares, compared to its average volume of 118,246. John Hancock Premium Dividend Fund has a fifty-two week low of $10.41 and a fifty-two week high of $13.55. The company’s fifty day moving average is $13.01 and its 200 day moving average is $12.55.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be issued a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a dividend yield of 7.95%. The ex-dividend date is Thursday, December 12th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PDT. J.W. Cole Advisors Inc. raised its position in shares of John Hancock Premium Dividend Fund by 7.3% during the second quarter. J.W. Cole Advisors Inc. now owns 17,921 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,221 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of John Hancock Premium Dividend Fund by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 120,791 shares of the real estate investment trust’s stock worth $1,423,000 after acquiring an additional 2,041 shares during the last quarter. Ausdal Financial Partners Inc. lifted its position in John Hancock Premium Dividend Fund by 5.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 56,845 shares of the real estate investment trust’s stock valued at $670,000 after acquiring an additional 3,101 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of John Hancock Premium Dividend Fund by 1.9% in the second quarter. Pathway Financial Advisers LLC now owns 223,925 shares of the real estate investment trust’s stock valued at $2,637,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Second Line Capital LLC boosted its holdings in John Hancock Premium Dividend Fund by 11.6% during the second quarter. Second Line Capital LLC now owns 46,377 shares of the real estate investment trust’s stock worth $546,000 after purchasing an additional 4,816 shares during the last quarter. Institutional investors own 12.98% of the company’s stock.

About John Hancock Premium Dividend Fund

John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.