John Hancock Preferred Income Fund (NYSE:HPI) Short Interest Update

John Hancock Preferred Income Fund (NYSE:HPI) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 15,401 shares, a decline of 48.6% from the January 15th total of 29,962 shares. Based on an average trading volume of 49,650 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 49,650 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On John Hancock Preferred Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC increased its holdings in John Hancock Preferred Income Fund by 4.4% during the third quarter. Private Advisor Group LLC now owns 15,440 shares of the company’s stock valued at $268,000 after buying an additional 651 shares during the last quarter. Mallini Complete Financial Planning LLC grew its position in shares of John Hancock Preferred Income Fund by 4.1% during the 3rd quarter. Mallini Complete Financial Planning LLC now owns 17,669 shares of the company’s stock valued at $307,000 after acquiring an additional 689 shares during the period. NewEdge Advisors LLC grew its position in shares of John Hancock Preferred Income Fund by 3.7% during the 3rd quarter. NewEdge Advisors LLC now owns 20,851 shares of the company’s stock valued at $362,000 after acquiring an additional 742 shares during the period. LPL Financial LLC increased its stake in shares of John Hancock Preferred Income Fund by 0.4% in the 4th quarter. LPL Financial LLC now owns 188,028 shares of the company’s stock worth $3,044,000 after purchasing an additional 782 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in John Hancock Preferred Income Fund by 3.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 32,339 shares of the company’s stock worth $561,000 after purchasing an additional 998 shares during the period.

John Hancock Preferred Income Fund Stock Up 0.5%

HPI stock traded up $0.08 during trading on Friday, reaching $16.26. The stock had a trading volume of 66,291 shares, compared to its average volume of 57,433. John Hancock Preferred Income Fund has a 52 week low of $14.61 and a 52 week high of $17.68. The stock’s 50 day moving average is $16.33 and its two-hundred day moving average is $16.64.

John Hancock Preferred Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be given a dividend of $0.1235 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 9.1%.

John Hancock Preferred Income Fund Company Profile

John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.

The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials.