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

John Hancock Preferred Income Fund II (NYSE:HPF) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 52,131 shares, a decrease of 65.0% from the August 31st total of 148,734 shares. Based on an average trading volume of 72,620 shares, the short-interest ratio is presently 0.7 days.

John Hancock Preferred Income Fund II Stock Performance

Shares of John Hancock Preferred Income Fund II stock traded down $0.06 during trading on Tuesday, hitting $13.32. The stock had a trading volume of 76,751 shares, compared to its average volume of 40,925. The stock has a 50 day simple moving average of $15.33 and a 200 day simple moving average of $15.65. John Hancock Preferred Income Fund II has a 1 year low of $13.24 and a 1 year high of $17.13.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a $0.1235 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.48 dividend on an annualized basis and a yield of 11.1%.

Institutional Trading of John Hancock Preferred Income Fund II

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

About John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end fund managed by John Hancock Investment Management. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective.

The fund invests primarily in preferred securities issued by corporations and financial institutions. Its portfolio may also include other income-producing investments, such as corporate debt securities and securities issued by government-related entities.