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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 7,400 shares, a decrease of 56.0% from the February 13th total of 16,800 shares. Based on an average daily volume of 34,200 shares, the short-interest ratio is presently 0.2 days.

John Hancock Hedged Equity & Income Fund Stock Up 1.2 %

Shares of NYSE HEQ opened at $10.31 on Friday. John Hancock Hedged Equity & Income Fund has a 12-month low of $9.57 and a 12-month high of $11.12. The firm’s 50-day moving average is $10.49 and its two-hundred day moving average is $10.68.

John Hancock Hedged Equity & Income Fund Announces Dividend

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

Hedge Funds Weigh In On John Hancock Hedged Equity & Income Fund

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of John Hancock Hedged Equity & Income Fund by 6.9% in the fourth quarter. Bank of America Corp DE now owns 254,824 shares of the investment management company’s stock valued at $2,602,000 after buying an additional 16,414 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of John Hancock Hedged Equity & Income Fund in the fourth quarter valued at approximately $318,000. Shaker Financial Services LLC raised its position in shares of John Hancock Hedged Equity & Income Fund by 39.8% in the fourth quarter. Shaker Financial Services LLC now owns 249,606 shares of the investment management company’s stock valued at $2,548,000 after buying an additional 70,999 shares during the last quarter. 1607 Capital Partners LLC raised its position in shares of John Hancock Hedged Equity & Income Fund by 38.0% in the fourth quarter. 1607 Capital Partners LLC now owns 100,502 shares of the investment management company’s stock valued at $1,026,000 after buying an additional 27,695 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of John Hancock Hedged Equity & Income Fund in the fourth quarter valued at approximately $224,000.

John Hancock Hedged Equity & Income Fund Company Profile

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.