John Hancock Hedged Equity & Income Fund (NYSE:HEQ – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 12,100 shares, a growth of 255.9% from the September 30th total of 3,400 shares. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is currently 0.5 days.
John Hancock Hedged Equity & Income Fund Stock Up 0.4 %
Shares of NYSE:HEQ traded up $0.04 during trading on Friday, hitting $11.00. 16,724 shares of the company’s stock were exchanged, compared to its average volume of 33,521. The firm has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $10.50. John Hancock Hedged Equity & Income Fund has a 1-year low of $9.20 and a 1-year high of $11.12.
John Hancock Hedged Equity & Income Fund Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date was Friday, September 13th.
Institutional Inflows and Outflows
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.
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