John Hancock Preferred Income Fund (NYSE:HPI) Short Interest Down 33.2% in November

John Hancock Preferred Income Fund (NYSE:HPI) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 21,300 shares, a decline of 33.2% from the November 15th total of 31,900 shares. Based on an average daily trading volume, of 44,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of John Hancock Preferred Income Fund

A number of institutional investors have recently bought and sold shares of the company. US Bancorp DE acquired a new stake in shares of John Hancock Preferred Income Fund in the third quarter valued at approximately $95,000. Wedbush Securities Inc. increased its position in John Hancock Preferred Income Fund by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 11,883 shares of the company’s stock worth $199,000 after purchasing an additional 600 shares in the last quarter. SAM Advisors LLC increased its position in John Hancock Preferred Income Fund by 3.4% during the 3rd quarter. SAM Advisors LLC now owns 26,937 shares of the company’s stock worth $510,000 after purchasing an additional 886 shares in the last quarter. Fiera Capital Corp raised its stake in John Hancock Preferred Income Fund by 1.5% in the 3rd quarter. Fiera Capital Corp now owns 78,586 shares of the company’s stock valued at $1,489,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in John Hancock Preferred Income Fund by 1.7% in the 2nd quarter. Raymond James & Associates now owns 80,060 shares of the company’s stock valued at $1,338,000 after purchasing an additional 1,351 shares in the last quarter.

John Hancock Preferred Income Fund Stock Down 0.1 %

NYSE:HPI opened at $17.01 on Friday. The firm’s fifty day simple moving average is $17.91 and its 200-day simple moving average is $17.52. John Hancock Preferred Income Fund has a fifty-two week low of $15.23 and a fifty-two week high of $19.43.

John Hancock Preferred Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.1235 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.71%.

About John Hancock Preferred Income Fund

John Hancock Preferred Income Fund is a closed ended balanced 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 public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.