Short Interest in John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Expands By 30.3%

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 24,100 shares, a growth of 30.3% from the December 15th total of 18,500 shares. Based on an average daily volume of 31,600 shares, the days-to-cover ratio is presently 0.8 days.

John Hancock Hedged Equity & Income Fund Stock Up 1.0 %

Shares of NYSE:HEQ traded up $0.10 during midday trading on Friday, reaching $10.49. The company’s stock had a trading volume of 33,944 shares, compared to its average volume of 28,513. John Hancock Hedged Equity & Income Fund has a fifty-two week low of $9.57 and a fifty-two week high of $11.12. The firm has a 50 day moving average price of $10.60 and a two-hundred day moving average price of $10.67.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a $0.25 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.00 annualized dividend and a dividend yield of 9.53%.

Institutional Investors Weigh In On John Hancock Hedged Equity & Income Fund

A number of large investors have recently bought and sold shares of HEQ. Kovack Advisors Inc. lifted its position in John Hancock Hedged Equity & Income Fund by 23.0% in the 3rd quarter. Kovack Advisors Inc. now owns 13,227 shares of the investment management company’s stock valued at $145,000 after acquiring an additional 2,471 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of John Hancock Hedged Equity & Income Fund by 9.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 48,914 shares of the investment management company’s stock worth $508,000 after purchasing an additional 4,078 shares during the last quarter. Finally, Logan Stone Capital LLC lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 8.5% in the second quarter. Logan Stone Capital LLC now owns 68,435 shares of the investment management company’s stock valued at $711,000 after purchasing an additional 5,335 shares in 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.