John Hancock Hedged Equity & Income Fund (NYSE:HEQ – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 21,300 shares, a decrease of 35.5% from the May 15th total of 33,000 shares. Based on an average daily volume of 38,000 shares, the days-to-cover ratio is currently 0.6 days.
John Hancock Hedged Equity & Income Fund Price Performance
John Hancock Hedged Equity & Income Fund stock remained flat at $10.13 during trading hours on Friday. The company’s stock had a trading volume of 30,586 shares, compared to its average volume of 39,551. The firm has a 50 day moving average price of $10.23 and a 200-day moving average price of $10.17. John Hancock Hedged Equity & Income Fund has a 52-week low of $9.08 and a 52-week high of $11.08.
John Hancock Hedged Equity & Income Fund Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given a $0.25 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 9.87%.
Institutional Investors Weigh In On John Hancock Hedged Equity & Income Fund
About John Hancock Hedged Equity & Income Fund
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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