Short Interest in John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Decreases By 45.9%

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 10,500 shares, a drop of 45.9% from the October 15th total of 19,400 shares. Based on an average daily volume of 52,900 shares, the short-interest ratio is presently 0.2 days.

John Hancock Hedged Equity & Income Fund Price Performance

Shares of NYSE HEQ opened at $9.47 on Friday. John Hancock Hedged Equity & Income Fund has a 1 year low of $9.08 and a 1 year high of $12.97. The firm has a 50-day simple moving average of $9.64 and a two-hundred day simple moving average of $10.32.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in John Hancock Hedged Equity & Income Fund by 1.5% in the first quarter. UBS Group AG now owns 97,229 shares of the investment management company’s stock worth $1,131,000 after purchasing an additional 1,481 shares during the last quarter. Royal Bank of Canada raised its stake in shares of 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 valued at $192,000 after acquiring an additional 1,741 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of John Hancock Hedged Equity & Income Fund by 1.3% during the first quarter. Commonwealth Equity Services LLC now owns 139,607 shares of the investment management company’s stock valued at $1,623,000 after acquiring an additional 1,792 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of John Hancock Hedged Equity & Income Fund by 2.1% during the second quarter. Wells Fargo & Company MN now owns 128,707 shares of the investment management company’s stock valued at $1,387,000 after acquiring an additional 2,663 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of John Hancock Hedged Equity & Income Fund by 7.9% during the second quarter. B. Riley Wealth Advisors Inc. now owns 42,840 shares of the investment management company’s stock valued at $462,000 after acquiring an additional 3,121 shares in the last quarter.

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.