Short Interest in John Hancock Preferred Income Fund II (NYSE:HPF) Declines By 23.1%

John Hancock Preferred Income Fund II (NYSE:HPF) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 27,600 shares, a decline of 23.1% from the October 15th total of 35,900 shares. Based on an average daily volume of 37,500 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On John Hancock Preferred Income Fund II

Large investors have recently bought and sold shares of the business. Cornerstone Advisors LLC bought a new position in John Hancock Preferred Income Fund II in the 3rd quarter valued at $69,000. Axim Planning & Wealth grew its position in John Hancock Preferred Income Fund II by 14.0% in the 3rd quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock valued at $7,833,000 after acquiring an additional 51,730 shares during the last quarter. International Assets Investment Management LLC grew its position in John Hancock Preferred Income Fund II by 2,654.0% in the 3rd quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock valued at $434,000 after acquiring an additional 22,426 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in John Hancock Preferred Income Fund II in the 3rd quarter valued at $33,000. Finally, One Capital Management LLC bought a new position in John Hancock Preferred Income Fund II in the 2nd quarter valued at $1,125,000.

John Hancock Preferred Income Fund II Trading Down 1.6 %

Shares of John Hancock Preferred Income Fund II stock opened at $17.39 on Friday. The stock has a 50 day moving average price of $18.09 and a 200-day moving average price of $17.34. John Hancock Preferred Income Fund II has a one year low of $14.40 and a one year high of $19.00.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be issued a $0.1235 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date is Tuesday, November 12th.

About John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund II is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.