John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Short Interest Update

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 14,400 shares, a growth of 33.3% from the August 15th total of 10,800 shares. Based on an average daily volume of 29,000 shares, the days-to-cover ratio is currently 0.5 days.

John Hancock Hedged Equity & Income Fund Stock Up 0.8 %

Shares of NYSE:HEQ traded up $0.08 during trading on Monday, hitting $10.73. 14,298 shares of the company were exchanged, compared to its average volume of 35,683. John Hancock Hedged Equity & Income Fund has a 1-year low of $9.08 and a 1-year high of $10.97. The business’s 50 day moving average is $10.59 and its 200-day moving average is $10.36.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.32%. The ex-dividend date of this dividend is Friday, September 13th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its stake in shares of John Hancock Hedged Equity & Income Fund by 1.1% in the first quarter. Commonwealth Equity Services LLC now owns 136,611 shares of the investment management company’s stock valued at $1,433,000 after buying an additional 1,468 shares during the period. B. Riley Wealth Advisors Inc. increased its position in John Hancock Hedged Equity & Income Fund by 5.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 47,409 shares of the investment management company’s stock valued at $476,000 after purchasing an additional 2,573 shares during the period. Logan Stone Capital LLC raised its holdings in John Hancock Hedged Equity & Income Fund by 8.5% during the 2nd quarter. Logan Stone Capital LLC now owns 68,435 shares of the investment management company’s stock worth $711,000 after purchasing an additional 5,335 shares during the last quarter. Quantedge Capital Pte Ltd acquired a new position in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter worth approximately $133,000. Finally, 1607 Capital Partners LLC boosted its stake in shares of John Hancock Hedged Equity & Income Fund by 93.1% in the 4th quarter. 1607 Capital Partners LLC now owns 61,666 shares of the investment management company’s stock valued at $620,000 after purchasing an additional 29,730 shares during the last quarter.

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.