John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Short Interest Up 355.4% in February

John Hancock Hedged Equity & Income Fund (NYSE:HEQGet Free Report) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 41,900 shares, a growth of 355.4% from the January 31st total of 9,200 shares. Based on an average daily trading volume, of 46,900 shares, the days-to-cover ratio is presently 0.9 days.

John Hancock Hedged Equity & Income Fund Stock Performance

Shares of NYSE:HEQ traded down $0.04 during trading on Wednesday, reaching $10.18. The stock had a trading volume of 26,258 shares, compared to its average volume of 43,828. John Hancock Hedged Equity & Income Fund has a 1-year low of $9.08 and a 1-year high of $11.88. The business has a fifty day moving average price of $10.13 and a 200-day moving average price of $9.96.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 8th. This represents a $1.00 annualized dividend and a yield of 9.82%.

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

A number of hedge funds have recently modified their holdings of the business. UBS Group AG raised its holdings in John Hancock Hedged Equity & Income Fund by 1.5% in the 1st quarter. UBS Group AG now owns 97,229 shares of the investment management company’s stock valued at $1,131,000 after acquiring an additional 1,481 shares during the last quarter. Raymond James & Associates lifted its position in John Hancock Hedged Equity & Income Fund by 10.3% during the fourth quarter. Raymond James & Associates now owns 16,999 shares of the investment management company’s stock worth $171,000 after buying an additional 1,594 shares in the last quarter. Royal Bank of Canada boosted its stake in John Hancock Hedged Equity & Income Fund by 13.4% during the first quarter. Royal Bank of Canada now owns 14,748 shares of the investment management company’s stock worth $192,000 after buying an additional 1,741 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in John Hancock Hedged Equity & Income Fund by 1.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 139,607 shares of the investment management company’s stock valued at $1,623,000 after buying an additional 1,792 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of John Hancock Hedged Equity & Income Fund by 4.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 44,836 shares of the investment management company’s stock worth $429,000 after acquiring an additional 1,996 shares during the last quarter.

About John Hancock Hedged Equity & Income Fund

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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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