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

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John Hancock Hedged Equity & Income Fund (NYSE:HEQGet Rating) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 2,000 shares, a decline of 65.5% from the April 15th total of 5,800 shares. Based on an average trading volume of 32,900 shares, the short-interest ratio is presently 0.1 days.

Several hedge funds and other institutional investors have recently made changes to their positions in HEQ. Shaker Financial Services LLC boosted its position in shares of John Hancock Hedged Equity & Income Fund by 999.3% during the fourth quarter. Shaker Financial Services LLC now owns 199,186 shares of the investment management company’s stock worth $2,589,000 after purchasing an additional 181,066 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of John Hancock Hedged Equity & Income Fund by 68.7% during the third quarter. Guggenheim Capital LLC now owns 205,118 shares of the investment management company’s stock worth $2,574,000 after purchasing an additional 83,526 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of John Hancock Hedged Equity & Income Fund during the fourth quarter worth $247,000. UBS Group AG boosted its position in shares of John Hancock Hedged Equity & Income Fund by 12.8% during the third quarter. UBS Group AG now owns 116,984 shares of the investment management company’s stock worth $1,468,000 after purchasing an additional 13,290 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of John Hancock Hedged Equity & Income Fund by 8.1% during the fourth quarter. Invesco Ltd. now owns 158,605 shares of the investment management company’s stock worth $2,062,000 after purchasing an additional 11,940 shares in the last quarter.

Shares of NYSE HEQ traded down $0.02 during midday trading on Thursday, reaching $12.63. 100 shares of the stock were exchanged, compared to its average volume of 35,746. The business has a 50-day simple moving average of $12.91 and a two-hundred day simple moving average of $12.93. John Hancock Hedged Equity & Income Fund has a 12 month low of $11.63 and a 12 month high of $13.81.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 11th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.18%.

About John Hancock Hedged Equity & Income Fund (Get Rating)

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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