John Hancock Hedged Equity & Income Fund (NYSE:HEQ – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 17,000 shares, an increase of 136.1% from the January 15th total of 7,200 shares. Based on an average daily trading volume, of 35,300 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Investors Weigh In On John Hancock Hedged Equity & Income Fund
A number of institutional investors have recently made changes to their positions in HEQ. Shaker Financial Services LLC lifted its position in John Hancock Hedged Equity & Income Fund by 39.8% during the fourth quarter. Shaker Financial Services LLC now owns 249,606 shares of the investment management company’s stock valued at $2,548,000 after purchasing an additional 70,999 shares during the period. Commonwealth Equity Services LLC lifted its position in John Hancock Hedged Equity & Income Fund by 13.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 153,912 shares of the investment management company’s stock valued at $1,571,000 after purchasing an additional 18,787 shares during the period. Principal Securities Inc. lifted its position in John Hancock Hedged Equity & Income Fund by 13.8% during the fourth quarter. Principal Securities Inc. now owns 149,241 shares of the investment management company’s stock valued at $1,524,000 after purchasing an additional 18,066 shares during the period. Envestnet Asset Management Inc. lifted its position in John Hancock Hedged Equity & Income Fund by 16.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 131,821 shares of the investment management company’s stock valued at $1,346,000 after purchasing an additional 18,392 shares during the period. Finally, 1607 Capital Partners LLC lifted its position in John Hancock Hedged Equity & Income Fund by 38.0% during the fourth quarter. 1607 Capital Partners LLC now owns 100,502 shares of the investment management company’s stock valued at $1,026,000 after purchasing an additional 27,695 shares during the period.
John Hancock Hedged Equity & Income Fund Trading Down 0.0 %
NYSE:HEQ opened at $10.63 on Friday. The company’s 50 day moving average price is $10.46 and its 200-day moving average price is $10.68. John Hancock Hedged Equity & Income Fund has a 52 week low of $9.57 and a 52 week high of $11.12.
John Hancock Hedged Equity & Income Fund Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.41%. The ex-dividend date of this dividend was Thursday, December 12th.
John Hancock Hedged Equity & Income Fund Company Profile
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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