John Hancock Preferred Income Fund II (NYSE:HPF) Stock Short Interest Report for October

John Hancock Preferred Income Fund II (NYSE:HPF) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 14,350 shares, an increase of 257.9% from the September 30th total of 4,009 shares. Based on an average daily trading volume, of 90,264 shares, the short-interest ratio is currently 0.2 days.

John Hancock Preferred Income Fund II Price Performance

Shares of NYSE HPF traded down $0.04 during midday trading on Friday, reaching $12.94. 31,817 shares of the company’s stock traded hands, compared to its average volume of 45,776. The stock’s 50 day simple moving average is $14.08 and its 200-day simple moving average is $15.46. John Hancock Preferred Income Fund II has a one year low of $12.67 and a one year high of $16.84.

John Hancock Preferred Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 13th will be issued a $0.1235 dividend. This represents a $1.48 annualized dividend and a yield of 11.5%. The ex-dividend date is Tuesday, October 13th.

Institutional Trading of John Hancock Preferred Income Fund II

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the second quarter worth $26,000. Livelsberger Financial Advisory acquired a new stake in John Hancock Preferred Income Fund II during the third quarter worth about $27,000. William Mack & Associates Inc. purchased a new position in John Hancock Preferred Income Fund II during the third quarter valued at approximately $53,000. Western Wealth Management LLC acquired a new position in John Hancock Preferred Income Fund II in the first quarter valued at approximately $66,000. Finally, Arlington Capital Management Inc. acquired a new position in John Hancock Preferred Income Fund II in the second quarter valued at approximately $255,000.

About John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund II is a closed-end investment company listed on the New York Stock Exchange under the symbol HPF. The fund seeks to provide investors with a high level of current income while maintaining a focus on preserving capital.

The fund invests primarily in preferred securities, which may include preferred stocks and other income-producing securities issued by corporations and financial institutions. Its portfolio may also include debt securities and securities issued by companies in a range of industries and geographic markets.