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

John Hancock Preferred Income Fund III (NYSE:HPS) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 23,092 shares, a decrease of 60.4% from the December 15th total of 58,336 shares. Based on an average daily volume of 83,383 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 83,383 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of John Hancock Preferred Income Fund III

Large investors have recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in John Hancock Preferred Income Fund III in the 2nd quarter valued at approximately $52,000. Wolverine Asset Management LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the second quarter valued at $59,000. Fifth Third Bancorp acquired a new position in shares of John Hancock Preferred Income Fund III in the second quarter valued at $72,000. Stratos Wealth Partners LTD. bought a new position in John Hancock Preferred Income Fund III in the third quarter worth $159,000. Finally, Focus Financial Network Inc. boosted its stake in John Hancock Preferred Income Fund III by 10.9% during the second quarter. Focus Financial Network Inc. now owns 11,398 shares of the company’s stock worth $163,000 after buying an additional 1,116 shares in the last quarter.

John Hancock Preferred Income Fund III Price Performance

NYSE HPS traded down $0.04 during trading on Wednesday, hitting $14.55. 42,904 shares of the company traded hands, compared to its average volume of 75,445. John Hancock Preferred Income Fund III has a 12 month low of $13.08 and a 12 month high of $15.68. The business has a fifty day simple moving average of $14.71 and a 200 day simple moving average of $14.83.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 12th will be issued a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Monday, January 12th.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.