John Hancock Preferred Income Fund III (NYSE:HPS) Short Interest Down 58.6% in December

John Hancock Preferred Income Fund III (NYSE:HPS) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 58,336 shares, a decrease of 58.6% from the November 30th total of 140,914 shares. Based on an average daily volume of 85,659 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 85,659 shares, the short-interest ratio is currently 0.7 days.

John Hancock Preferred Income Fund III Price Performance

HPS opened at $14.44 on Friday. John Hancock Preferred Income Fund III has a fifty-two week low of $13.08 and a fifty-two week high of $15.68. The company’s 50-day moving average is $14.96 and its 200 day moving average is $14.79.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 9.1%.

Hedge Funds Weigh In On John Hancock Preferred Income Fund III

Institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in John Hancock Preferred Income Fund III during the second quarter worth $52,000. Wolverine Asset Management LLC bought a new position in John Hancock Preferred Income Fund III in the 2nd quarter valued at $59,000. Fifth Third Bancorp purchased a new stake in shares of John Hancock Preferred Income Fund III during the 2nd quarter valued at $72,000. Stratos Wealth Partners LTD. bought a new stake in shares of John Hancock Preferred Income Fund III during the 3rd quarter worth $159,000. Finally, Focus Financial Network Inc. raised its stake in shares of John Hancock Preferred Income Fund III by 10.9% during the 2nd quarter. Focus Financial Network Inc. now owns 11,398 shares of the company’s stock worth $163,000 after purchasing an additional 1,116 shares during the period.

About John Hancock Preferred Income Fund III

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.