John Hancock Premium Dividend Fund (NYSE:PDT) Short Interest Down 49.7% in June

John Hancock Premium Dividend Fund (NYSE:PDT) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 9,883 shares, a decrease of 49.7% from the May 31st total of 19,645 shares. Based on an average daily volume of 140,150 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of John Hancock Premium Dividend Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PDT. Invesco Ltd. raised its holdings in John Hancock Premium Dividend Fund by 2.4% during the second quarter. Invesco Ltd. now owns 687,451 shares of the real estate investment trust’s stock worth $9,054,000 after acquiring an additional 16,425 shares in the last quarter. Raymond James Financial Inc. boosted its position in John Hancock Premium Dividend Fund by 9.3% during 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 shares of John Hancock Premium Dividend Fund during the 2nd quarter worth approximately $132,000. PNC Financial Services Group Inc. raised its stake 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 purchasing an additional 889 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of John Hancock Premium Dividend Fund in the 3rd quarter valued at approximately $1,121,000. Institutional investors and hedge funds own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Stock Up 0.2%

John Hancock Premium Dividend Fund stock traded up $0.02 during mid-day trading on Tuesday, reaching $12.86. The company’s stock had a trading volume of 35,391 shares, compared to its average volume of 128,231. John Hancock Premium Dividend Fund has a 12 month low of $12.53 and a 12 month high of $13.65. The business’s 50 day simple moving average is $12.91 and its 200 day simple moving average is $13.00.

John Hancock Premium Dividend Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 13th will be paid a dividend of $0.0883 per share. The ex-dividend date is Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. This is a positive change from John Hancock Premium Dividend Fund’s previous monthly dividend of $0.08.

About John Hancock Premium Dividend Fund

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.