John Hancock Preferred Income Fund III (NYSE:HPS) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 13,600 shares, a decline of 55.6% from the September 15th total of 30,600 shares. Based on an average trading volume of 45,800 shares, the short-interest ratio is currently 0.3 days.
Shares of NYSE:HPS traded up $0.22 during trading on Thursday, reaching $19.28. 69,020 shares of the stock were exchanged, compared to its average volume of 59,825. John Hancock Preferred Income Fund III has a 12 month low of $15.64 and a 12 month high of $19.56. The stock has a 50-day moving average price of $19.10 and a 200-day moving average price of $18.94.
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 29th. Stockholders of record on Monday, October 11th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date is Friday, October 8th.
About John Hancock Preferred Income Fund III
John Hancock Preferred Income Fund III operates as a closed-end management investment company. It seeks to provide a high level of current income consistent with preservation of capital by investing in securities that, in the opinion of the Advisor, may be undervalued relative to similar securities in the marketplace.
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