John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Short Interest Up 255.9% in October

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. lifted its stake in 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 valued at $508,000 after buying an additional 4,078 shares during the period. Logan Stone Capital LLC boosted its stake in John Hancock Hedged Equity & Income Fund by 8.5% during the 2nd quarter. Logan Stone Capital LLC now owns 68,435 shares of the investment management company’s stock worth $711,000 after acquiring an additional 5,335 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in John Hancock Hedged Equity & Income Fund by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 138,969 shares of the investment management company’s stock valued at $1,444,000 after purchasing an additional 2,358 shares during the period. Advisors Asset Management Inc. bought a new stake in John Hancock Hedged Equity & Income Fund in the first quarter valued at approximately $653,000. Finally, Vima LLC acquired a new stake in John Hancock Hedged Equity & Income Fund in the first quarter worth $449,000.

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.