John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Shares Shorted: Short Interest Down 62.1% in September

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 4,010 shares, a decline of 62.1% from the August 31st total of 10,574 shares. Based on an average daily trading volume, of 22,398 shares, the short-interest ratio is presently 0.2 days.

John Hancock Hedged Equity & Income Fund Price Performance

Shares of NYSE:HEQ remained flat at $11.20 on Tuesday. The stock had a trading volume of 38,023 shares, compared to its average volume of 38,040. John Hancock Hedged Equity & Income Fund has a twelve month low of $10.46 and a twelve month high of $12.00. The business has a 50-day moving average of $11.58 and a 200 day moving average of $11.42.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 annualized dividend and a yield of 8.9%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new stake in John Hancock Hedged Equity & Income Fund during the first quarter worth about $47,000. PNC Financial Services Group Inc. purchased a new stake in John Hancock Hedged Equity & Income Fund in the 1st quarter worth about $109,000. Advisory Solutions Group LLC acquired a new position in John Hancock Hedged Equity & Income Fund in the 2nd quarter valued at approximately $119,000. 1607 Capital Partners LLC increased its stake in John Hancock Hedged Equity & Income Fund by 6.1% in the 4th quarter. 1607 Capital Partners LLC now owns 129,782 shares of the investment management company’s stock valued at $1,395,000 after buying an additional 7,442 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of John Hancock Hedged Equity & Income Fund by 4.1% during the 1st quarter. Bank of America Corp DE now owns 304,521 shares of the investment management company’s stock valued at $3,307,000 after buying an additional 11,907 shares during the period.

John Hancock Hedged Equity & Income Fund Company Profile

John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end investment company managed by John Hancock Investment Management. The fund seeks to provide a high level of current income and long-term capital appreciation by investing in a diversified portfolio of equity and income-producing securities.

The fund uses hedging strategies in an effort to manage equity-market risk and may employ options and other derivative instruments as part of its investment approach. Its portfolio may include common stocks, preferred stocks, convertible securities, corporate bonds and other debt instruments, with allocations adjusted according to market conditions and the portfolio managers’ outlook.

HEQ is designed for investors seeking exposure to both equity and fixed-income markets through a professionally managed portfolio.