John Hancock Preferred Income Fund II (NYSE:HPF) Short Interest Down 39.8% in January

John Hancock Preferred Income Fund II (NYSE:HPF) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 14,700 shares, a decline of 39.8% from the January 15th total of 24,400 shares. Based on an average trading volume of 43,700 shares, the short-interest ratio is currently 0.3 days.

John Hancock Preferred Income Fund II Trading Down 0.6 %

HPF stock opened at $17.40 on Friday. The business’s 50-day moving average price is $16.73 and its two-hundred day moving average price is $17.28. John Hancock Preferred Income Fund II has a 1-year low of $15.39 and a 1-year high of $19.00.

John Hancock Preferred Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a $0.1235 dividend. This represents a $1.48 annualized dividend and a dividend yield of 8.52%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Trading of John Hancock Preferred Income Fund II

Several hedge funds and other institutional investors have recently modified their holdings of HPF. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of John Hancock Preferred Income Fund II in the 3rd quarter valued at about $33,000. Cornerstone Advisors LLC acquired a new stake in shares of John Hancock Preferred Income Fund II in the 3rd quarter valued at about $69,000. Wolverine Asset Management LLC acquired a new stake in shares of John Hancock Preferred Income Fund II in the 4th quarter valued at about $203,000. MSH Capital Advisors LLC acquired a new stake in shares of John Hancock Preferred Income Fund II in the 4th quarter valued at about $205,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of John Hancock Preferred Income Fund II in the 4th quarter valued at about $284,000.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.