John Hancock Preferred Income Fund III (NYSE:HPS) Short Interest Down 5.7% in March

John Hancock Preferred Income Fund III (NYSE:HPS) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 160,200 shares, a decrease of 5.7% from the March 15th total of 169,900 shares. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of John Hancock Preferred Income Fund III

Hedge funds have recently added to or reduced their stakes in the business. Ramirez Asset Management Inc. bought a new stake in John Hancock Preferred Income Fund III during the 3rd quarter valued at approximately $47,000. Activest Wealth Management bought a new stake in John Hancock Preferred Income Fund III during the 4th quarter valued at approximately $31,000. Global Retirement Partners LLC boosted its stake in John Hancock Preferred Income Fund III by 255.1% during the 4th quarter. Global Retirement Partners LLC now owns 2,713 shares of the company’s stock valued at $39,000 after purchasing an additional 1,949 shares during the period. OneAscent Financial Services LLC bought a new stake in John Hancock Preferred Income Fund III during the 4th quarter valued at approximately $180,000. Finally, Golden Green Inc. boosted its stake in John Hancock Preferred Income Fund III by 2.4% during the 3rd quarter. Golden Green Inc. now owns 43,769 shares of the company’s stock valued at $583,000 after purchasing an additional 1,027 shares during the period.

John Hancock Preferred Income Fund III Trading Up 0.5 %

HPS opened at $14.85 on Thursday. The stock has a 50-day moving average of $15.08 and a 200-day moving average of $14.02. John Hancock Preferred Income Fund III has a 52-week low of $11.79 and a 52-week high of $15.55.

John Hancock Preferred Income Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 11th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $1.32 annualized dividend and a yield of 8.89%.

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.