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

John Hancock Preferred Income Fund II (NYSE:HPF) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 4,009 shares, a drop of 92.3% from the September 15th total of 52,131 shares. Based on an average trading volume of 102,192 shares, the days-to-cover ratio is currently 0.0 days.

John Hancock Preferred Income Fund II Price Performance

Shares of NYSE HPF traded up $0.19 during midday trading on Friday, reaching $13.41. The company’s stock had a trading volume of 87,887 shares, compared to its average volume of 42,858. The stock has a 50 day simple moving average of $14.89 and a 200-day simple moving average of $15.51. John Hancock Preferred Income Fund II has a fifty-two week low of $13.09 and a fifty-two week high of $17.06.

John Hancock Preferred Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 13th will be given a $0.1235 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.48 dividend on an annualized basis and a yield of 11.1%.

Institutional Investors Weigh In On John Hancock Preferred Income Fund II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HPF. Integrated Wealth Concepts LLC bought a new stake in John Hancock Preferred Income Fund II during the 2nd quarter worth about $26,000. Kestra Advisory Services LLC grew its holdings in shares of John Hancock Preferred Income Fund II by 4.0% in the 1st quarter. Kestra Advisory Services LLC now owns 69,444 shares of the company’s stock valued at $1,084,000 after acquiring an additional 2,700 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of John Hancock Preferred Income Fund II in the first quarter valued at about $66,000. Arlington Capital Management Inc. acquired a new stake in shares of John Hancock Preferred Income Fund II in the second quarter valued at about $255,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of John Hancock Preferred Income Fund II in the second quarter valued at about $384,000.

John Hancock Preferred Income Fund II Company Profile

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.