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

John Hancock Preferred Income Fund III (NYSE:HPS) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 97,100 shares, a decline of 23.0% from the September 30th total of 126,100 shares. Based on an average trading volume of 43,600 shares, the short-interest ratio is presently 2.2 days.

John Hancock Preferred Income Fund III Trading Down 1.1 %

Shares of John Hancock Preferred Income Fund III stock opened at $15.78 on Wednesday. John Hancock Preferred Income Fund III has a 52 week low of $11.79 and a 52 week high of $17.25. The firm has a fifty day moving average of $16.62 and a two-hundred day moving average of $15.97.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.37%. The ex-dividend date is Friday, October 11th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

A number of institutional investors and hedge funds have recently modified their holdings of HPS. Rothschild Investment LLC acquired a new position in shares of John Hancock Preferred Income Fund III during the 2nd quarter worth approximately $2,512,000. Cetera Investment Advisers acquired a new stake in shares of John Hancock Preferred Income Fund III during the 1st quarter worth approximately $1,947,000. Cetera Advisors LLC acquired a new stake in shares of John Hancock Preferred Income Fund III during the 1st quarter worth approximately $199,000. US Bancorp DE acquired a new stake in shares of John Hancock Preferred Income Fund III during the 3rd quarter worth approximately $76,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of John Hancock Preferred Income Fund III by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 107,801 shares of the company’s stock worth $1,704,000 after acquiring an additional 3,128 shares in the last quarter.

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.