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

John Hancock Preferred Income Fund II (NYSE:HPF) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 2,820 shares, a decline of 80.3% from the October 15th total of 14,350 shares. Based on an average daily volume of 82,878 shares, the short-interest ratio is currently 0.0 days.

John Hancock Preferred Income Fund II Stock Down 0.6%

NYSE:HPF traded down $0.07 during trading hours on Friday, hitting $12.61. 102,164 shares of the stock were exchanged, compared to its average volume of 48,409. The company’s 50 day moving average is $13.50 and its two-hundred day moving average is $15.28. John Hancock Preferred Income Fund II has a twelve month low of $12.50 and a twelve month high of $16.49.

John Hancock Preferred Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 12th will be paid a $0.1235 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.48 dividend on an annualized basis and a yield of 11.8%.

Institutional Trading of John Hancock Preferred Income Fund II

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC grew its stake in shares of 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 purchasing an additional 2,700 shares during the period. Commonwealth Equity Services LLC bought a new stake in John Hancock Preferred Income Fund II in the third quarter valued at about $352,000. Ameritas Advisory Services LLC bought a new stake in John Hancock Preferred Income Fund II in the second quarter valued at about $384,000. StoneX Group Inc. lifted its stake in John Hancock Preferred Income Fund II by 29.7% in the third quarter. StoneX Group Inc. now owns 17,907 shares of the company’s stock valued at $245,000 after buying an additional 4,097 shares during the period. Finally, Arlington Capital Management Inc. acquired a new position in John Hancock Preferred Income Fund II in the second quarter valued at about $255,000.

About John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end investment fund managed by John Hancock Investment Management, an affiliate of Manulife Investment Management. The fund seeks to provide investors with a high level of current income by investing primarily in preferred securities and other income-producing investments. Its portfolio may include preferred stocks, corporate debt securities and other fixed-income instruments issued by companies in a range of industries. The fund can invest in securities issued by companies in the United States and other countries, giving it exposure to domestic and international income-producing markets.