John Hancock Premium Dividend Fund (PDT) Short Interest Ratio & Short Volume

Short interest is the volume of John Hancock Premium Dividend Fund shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 34,100 shares of PDT short. Learn More on John Hancock Premium Dividend Fund's current short interest.

John Hancock Premium Dividend Fund saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 34,100 shares, a decrease of 49.1% from the previous total of 67,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "finance" compare to John Hancock Premium Dividend Fund: Coastal Financial Co. (4.13%), Horizon Bancorp, Inc. (1.77%), Central Pacific Financial Corp. (2.62%), Gladstone Commercial Co. (2.78%), Invesco Value Municipal Income Trust (0.06%), Global Medical REIT Inc. (2.01%), Velocity Financial, Inc. (3.03%), Seritage Growth Properties (19.61%), Midland States Bancorp, Inc. (0.98%), Business First Bancshares, Inc. (0.76%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling PDT is an investing strategy that aims to generate trading profit from John Hancock Premium Dividend Fund as its price is falling. PDT shares are trading up $0.14 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for John Hancock Premium Dividend Fund occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PDT, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PDT, twice per month. The most recent reporting period available is April, 15 2024.