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

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

John Hancock Preferred Income Fund II Stock Up 1.4%

Shares of HPF stock traded up $0.19 on Friday, hitting $13.41. 87,887 shares of the stock were exchanged, compared to its average volume of 42,858. John Hancock Preferred Income Fund II has a fifty-two week low of $13.09 and a fifty-two week high of $17.06. The business has a 50-day moving average of $14.89 and a 200 day moving average of $15.51.

John Hancock Preferred Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 13th will be given a dividend of $0.1235 per share. 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%.

Hedge Funds Weigh In On John Hancock Preferred Income Fund II

Several hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in shares of John Hancock Preferred Income Fund II in the second quarter worth $26,000. Western Wealth Management LLC bought a new position in John Hancock Preferred Income Fund II in the first quarter valued at $66,000. Arlington Capital Management Inc. acquired a new stake in John Hancock Preferred Income Fund II in the 2nd quarter valued at $255,000. Ameritas Advisory Services LLC acquired a new stake in John Hancock Preferred Income Fund II in the 2nd quarter valued at $384,000. Finally, Kestra Advisory Services LLC lifted its position in John Hancock Preferred Income Fund II by 4.0% during the 1st 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 in the last quarter.

John Hancock Preferred Income Fund II Company Profile

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.