John Hancock Preferred Income Fund III (NYSE:HPS) Short Interest Update

John Hancock Preferred Income Fund III (NYSE:HPS) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 29,400 shares, a growth of 26.2% from the December 15th total of 23,300 shares. Based on an average trading volume of 57,800 shares, the short-interest ratio is currently 0.5 days.

John Hancock Preferred Income Fund III Price Performance

NYSE:HPS traded up $0.06 during mid-day trading on Friday, hitting $14.85. The company’s stock had a trading volume of 50,647 shares, compared to its average volume of 78,513. The business’s fifty day moving average is $15.25 and its two-hundred day moving average is $15.95. John Hancock Preferred Income Fund III has a 1 year low of $14.09 and a 1 year high of $17.25.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be paid a $0.11 dividend. The ex-dividend date is Monday, January 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.89%.

Institutional Trading of John Hancock Preferred Income Fund III

Several hedge funds and other institutional investors have recently bought and sold shares of HPS. Wilmington Savings Fund Society FSB purchased a new stake in John Hancock Preferred Income Fund III in the 3rd quarter worth approximately $34,000. US Bancorp DE acquired a new position in shares of John Hancock Preferred Income Fund III in the 3rd quarter valued at $76,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of John Hancock Preferred Income Fund III in the 3rd quarter valued at $176,000. Tallon Kerry Patrick purchased a new stake in John Hancock Preferred Income Fund III during the fourth quarter worth $360,000. Finally, Janney Montgomery Scott LLC acquired a new stake in John Hancock Preferred Income Fund III during the fourth quarter valued at $358,000.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III 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.