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 in the month of February. As of February 15th, there was short interest totalling 61,500 shares, a growth of 485.7% from the January 31st total of 10,500 shares. Based on an average daily trading volume, of 67,500 shares, the days-to-cover ratio is presently 0.9 days.

John Hancock Preferred Income Fund III Stock Performance

HPS stock traded up $0.14 during midday trading on Friday, hitting $15.37. 81,342 shares of the company’s stock were exchanged, compared to its average volume of 55,259. John Hancock Preferred Income Fund III has a one year low of $14.09 and a one year high of $17.25. The stock’s fifty day moving average price is $15.06 and its 200-day moving average price is $15.79.

John Hancock Preferred Income Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.32 annualized dividend and a dividend yield of 8.59%.

Institutional Trading of John Hancock Preferred Income Fund III

Large investors have recently bought and sold shares of the business. US Bancorp DE acquired a new position in shares of John Hancock Preferred Income Fund III in the third quarter valued at approximately $76,000. B. Riley Wealth Advisors Inc. acquired a new position in John Hancock Preferred Income Fund III in the 3rd quarter worth $176,000. Wolverine Asset Management LLC acquired a new stake in shares of John Hancock Preferred Income Fund III in the 4th quarter valued at about $399,000. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of John Hancock Preferred Income Fund III by 153.9% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 49,357 shares of the company’s stock valued at $742,000 after purchasing an additional 29,916 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in shares of John Hancock Preferred Income Fund III by 0.7% during the third quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock worth $1,465,000 after buying an additional 627 shares during the period.

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.