John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report) was the target of a large decline in short interest in 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 daily volume of 43,600 shares, the days-to-cover ratio is presently 2.2 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in HPS. Concourse Financial Group Securities Inc. purchased a new position in John Hancock Preferred Income Fund III in the 1st quarter worth approximately $25,000. US Bancorp DE purchased a new position in John Hancock Preferred Income Fund III in the 3rd quarter worth approximately $76,000. Cetera Advisors LLC purchased a new position in John Hancock Preferred Income Fund III in the 1st quarter worth approximately $199,000. Pine Valley Investments Ltd Liability Co lifted its holdings in John Hancock Preferred Income Fund III by 10.6% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 18,841 shares of the company’s stock worth $298,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings 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 Stock Down 1.1 %
HPS stock opened at $15.78 on Wednesday. John Hancock Preferred Income Fund III has a twelve month low of $11.79 and a twelve month high of $17.25. The business’s 50-day moving average price is $16.63 and its 200-day moving average price is $15.97.
John Hancock Preferred Income Fund III Announces Dividend
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.
Read More
- Five stocks we like better than John Hancock Preferred Income Fund III
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- How to Calculate Retirement Income: MarketBeat’s Calculator
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- Investing in the High PE Growth Stocks
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
Receive News & Ratings for John Hancock Preferred Income Fund III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Preferred Income Fund III and related companies with MarketBeat.com's FREE daily email newsletter.