John Hancock Preferred Income Fund II (NYSE:HPF) Shares Shorted: Short Interest Down 80.3% in October

John Hancock Preferred Income Fund II (NYSE:HPF) was the recipient of a significant 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 Trading Down 2.2%

NYSE:HPF traded down $0.28 during trading hours on Thursday, reaching $12.66. The company had a trading volume of 85,066 shares, compared to its average volume of 48,100. The firm’s 50 day moving average price is $13.61 and its 200-day moving average price is $15.32. John Hancock Preferred Income Fund II has a 52 week low of $12.65 and a 52 week high of $16.64.

John Hancock Preferred Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 12th will be issued a $0.1235 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.48 annualized dividend and a dividend yield of 11.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of John Hancock Preferred Income Fund II during the 2nd quarter valued at about $26,000. Livelsberger Financial Advisory bought a new position in shares of John Hancock Preferred Income Fund II in the 3rd quarter worth approximately $27,000. William Mack & Associates Inc. purchased a new position in shares of John Hancock Preferred Income Fund II in the third quarter worth approximately $53,000. Western Wealth Management LLC purchased a new position in shares of John Hancock Preferred Income Fund II in the first quarter worth approximately $66,000. Finally, Arlington Capital Management Inc. purchased a new position in shares of John Hancock Preferred Income Fund II in the second quarter worth approximately $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.