John Hancock Preferred Income Fund (HPI) Stock Price, News & Analysis
Company Description
John Hancock Preferred Income Fund (HPI) is a closed-end, diversified management investment company that seeks a high level of current income consistent with preservation of capital. The fund has a secondary objective of capital growth to the extent that goal is consistent with its income objective. HPI is an income-oriented fund vehicle rather than an operating company; its public security represents an interest in a managed investment portfolio.
The fund's principal strategy centers on preferred stocks and other preferred securities. It seeks to invest in securities that may be undervalued relative to similar securities in the marketplace. Its portfolio composition can include U.S. preferred securities, foreign preferred securities, common stocks, corporate bonds, and short-term investments.
As a closed-end fund, HPI's company profile is defined by investment objectives, portfolio composition, shareholder governance, and investment-company oversight. Proxy materials identify shareholder voting matters such as the election of Trustees, whose oversight role includes monitoring fund performance and fees. The fund's public disclosures therefore emphasize fund governance and portfolio management topics rather than the operating segments, product sales, or customer contracts associated with an industrial or commercial issuer.
Stock Performance
John Hancock Preferred Income Fund (HPI) stock last traded at $16.29. Over the past 12 months, the stock has gained 0.9%, ranking #1,205 in 52-week price change. At a market capitalization of $436.4M, HPI is classified as a small-cap stock with approximately 26.8M shares outstanding.
HPI Rankings
Latest News
John Hancock Preferred Income Fund has 10 recent news articles. Of the recent coverage, 4 articles coincided with positive price movement and 5 with negative movement. View all HPI news →
SEC Filings
John Hancock Preferred Income Fund has filed 5 recent SEC filings, including 2 Form 3, 2 Form 4, 1 Form DEF 14A. The most recent filing was submitted on May 7, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all HPI SEC filings →
Insider Radar
Insider buying activity at John Hancock Preferred Income Fund over the past 90 days may reflect management confidence in the company's direction. Institutional investors and analysts often monitor insider purchases as a potential bullish indicator for the stock.
Financial Highlights
Upcoming Events
Short Interest History
Short interest in John Hancock Preferred Income Fund (HPI) currently stands at 135.7 thousand shares, up 32.4% from the previous reporting period, representing 0.5% of the shares outstanding. Over the past 12 months, short interest has increased by 631.1%.
Days to Cover History
Days to cover for John Hancock Preferred Income Fund (HPI) currently stands at 2.7 days, up 34.7% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 168% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 9.2 days.
HPI Company Profile & Sector Positioning
John Hancock Preferred Income Fund (HPI) operates in the Asset Management industry within the broader Financial Services sector and is listed on the NYSE. Among dividend-paying stocks, HPI ranks #181 by dividend yield. In monthly performance, the stock ranks #2,152 among all tracked companies.
Investors comparing HPI often look at related companies in the same sector, including Pennantpark Invt Corp (PNNT), Duff & Phelps Utility and Infrastructure Fund Inc (DPG), Barings Corporate Investors (MCI), Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO), and Blackrock Muniholdings Investment Quality Fund (MFL). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate HPI's relative position within its industry.