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 large drop in short interest during the month of January. As of January 31st, there was short interest totalling 14,700 shares, a drop of 39.8% from the January 15th total of 24,400 shares. Based on an average daily trading volume, of 43,700 shares, the short-interest ratio is presently 0.3 days.

John Hancock Preferred Income Fund II Trading Down 0.6 %

Shares of HPF opened at $17.40 on Friday. The business’s fifty 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 52 week low of $15.39 and a 52 week high of $19.00.

John Hancock Preferred Income Fund II Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its position in shares of John Hancock Preferred Income Fund II by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 141,507 shares of the company’s stock worth $2,639,000 after purchasing an additional 1,465 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of John Hancock Preferred Income Fund II by 2,654.0% in the 3rd quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock worth $434,000 after purchasing an additional 22,426 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of John Hancock Preferred Income Fund II in the 3rd quarter worth $33,000. Axim Planning & Wealth boosted its position in shares of John Hancock Preferred Income Fund II by 14.0% in the 3rd quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock worth $7,833,000 after purchasing an additional 51,730 shares during the last quarter. Finally, Cornerstone Advisors LLC bought a new position in shares of John Hancock Preferred Income Fund II in the 3rd quarter worth $69,000.

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.