John Hancock Preferred Income Fund (NYSE:HPI) Sees Significant Decrease in Short Interest

John Hancock Preferred Income Fund (NYSE:HPI) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 39,200 shares, a decrease of 20.5% from the February 28th total of 49,300 shares. Based on an average trading volume of 45,600 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of John Hancock Preferred Income Fund

Large investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. increased its stake in shares of John Hancock Preferred Income Fund by 4.5% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 16,809 shares of the company’s stock worth $282,000 after purchasing an additional 728 shares during the last quarter. Level Four Advisory Services LLC grew its holdings in John Hancock Preferred Income Fund by 2.7% during the fourth quarter. Level Four Advisory Services LLC now owns 45,653 shares of the company’s stock valued at $759,000 after purchasing an additional 1,218 shares during the period. WASHINGTON TRUST Co purchased a new stake in John Hancock Preferred Income Fund in the fourth quarter worth $26,000. Tandem Financial LLC bought a new stake in shares of John Hancock Preferred Income Fund in the fourth quarter valued at $40,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of John Hancock Preferred Income Fund during the 4th quarter valued at $44,000.

John Hancock Preferred Income Fund Trading Up 0.5 %

Shares of John Hancock Preferred Income Fund stock opened at $16.61 on Monday. The business’s fifty day simple moving average is $17.10 and its 200 day simple moving average is $17.48. John Hancock Preferred Income Fund has a 12 month low of $15.26 and a 12 month high of $19.43.

John Hancock Preferred Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a $0.1235 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Preferred Income Fund Company Profile

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.