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

John Hancock Hedged Equity & Income Fund (NYSE:HEQGet Free Report) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 7,400 shares, a decline of 56.0% from the February 13th total of 16,800 shares. Based on an average trading volume of 34,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HEQ. Kovack Advisors Inc. boosted its holdings in John Hancock Hedged Equity & Income Fund by 23.0% during the third quarter. Kovack Advisors Inc. now owns 13,227 shares of the investment management company’s stock worth $145,000 after buying an additional 2,471 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in John Hancock Hedged Equity & Income Fund by 12.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 17,357 shares of the investment management company’s stock worth $177,000 after buying an additional 1,982 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in John Hancock Hedged Equity & Income Fund during the fourth quarter worth about $224,000. Robinson Capital Management LLC purchased a new stake in John Hancock Hedged Equity & Income Fund during the fourth quarter worth about $309,000. Finally, Jane Street Group LLC purchased a new stake in John Hancock Hedged Equity & Income Fund during the fourth quarter worth about $318,000.

John Hancock Hedged Equity & Income Fund Trading Up 1.2 %

Shares of John Hancock Hedged Equity & Income Fund stock opened at $10.31 on Friday. John Hancock Hedged Equity & Income Fund has a 52-week low of $9.57 and a 52-week high of $11.12. The company’s 50-day simple moving average is $10.49 and its 200-day simple moving average is $10.68.

John Hancock Hedged Equity & Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.70%.

John Hancock Hedged Equity & Income Fund Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for John Hancock Hedged Equity & Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Hedged Equity & Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.