John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 39,500 shares, a decline of 6.4% from the June 15th total of 42,200 shares. Based on an average trading volume of 48,600 shares, the days-to-cover ratio is currently 0.8 days.
John Hancock Preferred Income Fund Price Performance
Shares of HPI traded up $0.06 during trading hours on Thursday, reaching $17.40. 7,442 shares of the company’s stock traded hands, compared to its average volume of 55,538. John Hancock Preferred Income Fund has a twelve month low of $12.85 and a twelve month high of $17.40. The business’s fifty day simple moving average is $16.74 and its two-hundred day simple moving average is $16.36.
John Hancock Preferred Income Fund Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.1235 per share. This is a boost from John Hancock Preferred Income Fund’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.48 annualized dividend and a yield of 8.52%.
Institutional Trading of John Hancock Preferred Income Fund
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.
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