John Hancock Preferred Income Fund II (NYSE:HPF – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 35,900 shares, an increase of 131.6% from the September 30th total of 15,500 shares. Based on an average daily volume of 38,700 shares, the short-interest ratio is currently 0.9 days.
John Hancock Preferred Income Fund II Price Performance
Shares of HPF stock traded up $0.10 on Friday, hitting $18.50. 33,006 shares of the company’s stock were exchanged, compared to its average volume of 41,790. The company has a 50 day moving average of $17.88 and a 200 day moving average of $17.20. John Hancock Preferred Income Fund II has a 12 month low of $13.00 and a 12 month high of $19.00.
John Hancock Preferred Income Fund II Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be paid a $0.1235 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.01%.
Hedge Funds Weigh In On John Hancock Preferred Income Fund II
John Hancock Preferred Income Fund II Company Profile
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.
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