John Hancock Investors Trust (NYSE:JHI) Short Interest Update

John Hancock Investors Trust (NYSE:JHI) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 3,336 shares, a decrease of 78.2% from the August 31st total of 15,313 shares. Based on an average trading volume of 29,128 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JHI. IFP Advisors Inc acquired a new stake in shares of John Hancock Investors Trust during the second quarter worth $32,000. Bank of America Corp DE boosted its stake in John Hancock Investors Trust by 2.6% in the 1st quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 863 shares during the period. World Investment Advisors acquired a new position in John Hancock Investors Trust in the 1st quarter worth $299,000. Riverbridge Partners LLC increased its holdings in John Hancock Investors Trust by 4.0% during the 1st quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider’s stock worth $617,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its holdings in John Hancock Investors Trust by 12.1% during the 4th quarter. Sit Investment Associates Inc. now owns 597,048 shares of the financial services provider’s stock worth $8,162,000 after purchasing an additional 64,495 shares in the last quarter. Institutional investors and hedge funds own 27.01% of the company’s stock.

John Hancock Investors Trust Trading Up 0.2%

Shares of NYSE:JHI traded up $0.03 during trading on Friday, hitting $12.23. 20,416 shares of the company’s stock traded hands, compared to its average volume of 25,861. John Hancock Investors Trust has a 52 week low of $12.15 and a 52 week high of $14.27. The company has a 50-day moving average price of $13.07 and a 200-day moving average price of $13.18.

John Hancock Investors Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.2940 per share. This is a decrease from John Hancock Investors Trust’s previous quarterly dividend of $0.2970. The ex-dividend date is Friday, September 11th. This represents a $1.18 annualized dividend and a yield of 9.6%.

John Hancock Investors Trust Company Profile

John Hancock Investors Trust (NYSE:JHI) is a closed-end investment company that seeks to provide investors with exposure to a professionally managed portfolio of securities. As a closed-end fund, it raises capital through an offering of shares and invests that capital in accordance with its stated investment strategy.

The fund is managed by John Hancock Investment Management, an asset-management organization associated with John Hancock. Its portfolio may include investments in publicly traded companies and other securities, with the objective of generating investment income and pursuing long-term capital appreciation, subject to market conditions and the fund’s governing documents.

John Hancock Investors Trust is designed for investors seeking a listed, professionally managed investment vehicle rather than operating as an operating company that sells products or services.