HEQ Stock Summary and Trading Ideas (John Hancock Hedged Equity & Income Common Shares Of Beneficial Interest | NYSE:HEQ)

The fund's investment objective is to provide total return with a focus on current income and gains and also consisting of long-term capital appreciation. The fund seeks to provide investors with a portfolio that will generate attractive long-term total returns with downside equity market protection. Under normal market conditions, the fund’s portfolio management team invests at least 80% of the fund’s net assets (plus borrowing for investment purposes) in equity and equity-related securities. The team will also seek to generate income and provide a measure of downside protection by selling call options and equity futures. The fund can invest in fixed income securities, including high yield bonds, up to 20% of its total assets.

John Hancock Hedged Equity & Income Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol HEQ.

As of April 18, 2024, HEQ stock price declined to $9.71 with 56,878 million shares trading.

HEQ has a beta of 0.77, meaning it tends to be less sensitive to market movements. HEQ has a correlation of 0.33 to the broad based SPY ETF.

HEQ has a market cap of $117.99 million. This is considered a Micro Cap stock.

In the last 3 years, HEQ stock traded as high as $14.30 and as low as $9.08.

HEQ has underperformed the market in the last year with a price return of -6.9% while the SPY ETF gained +22.2%. HEQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.2% and -5.3%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

HEQ support price is $9.64 and resistance is $9.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HEQ stock will trade within this expected range on the day.