John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 291,200 shares, a growth of 30.0% from the June 30th total of 224,000 shares. Based on an average daily volume of 47,100 shares, the short-interest ratio is currently 6.2 days.
John Hancock Preferred Income Fund III Trading Up 0.6 %
HPS stock opened at $15.95 on Tuesday. The firm has a 50 day moving average price of $15.75 and a 200-day moving average price of $15.28. John Hancock Preferred Income Fund III has a 52-week low of $11.79 and a 52-week high of $16.33.
John Hancock Preferred Income Fund III Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date is Thursday, July 11th.
Institutional Investors Weigh In On John Hancock Preferred Income Fund III
About John Hancock Preferred Income Fund III
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.
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