John Hancock Preferred Income Fund III ( NYSE:HPS – Get Rating ) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 60,000 shares, a decrease of 21.9% from the March 31st total of 76,800 shares. Based on an average daily volume of 54,300 shares, the short-interest ratio is currently 1.1 days. John Hancock Preferred Income Fund III Price Performance Shares of HPS opened at $14.45 on Friday. The stock's 50-day simple moving average is $14.

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