Short Interest in John Hancock Investors Trust (NYSE:JHI) Grows By 164.2%

John Hancock Investors Trust (NYSE:JHI) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 12,223 shares, a growth of 164.2% from the May 31st total of 4,626 shares. Based on an average daily trading volume, of 14,651 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sit Investment Associates Inc. raised its position in John Hancock Investors Trust by 12.1% in the 4th quarter. Sit Investment Associates Inc. now owns 597,048 shares of the financial services provider’s stock valued at $8,162,000 after purchasing an additional 64,495 shares in the last quarter. Riverbridge Partners LLC grew its position in shares of John Hancock Investors Trust by 4.0% during the first quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider’s stock worth $617,000 after buying an additional 1,855 shares in the last quarter. Bank of America Corp DE grew its position in shares of John Hancock Investors Trust by 2.6% during the first quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider’s stock worth $433,000 after buying an additional 863 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of John Hancock Investors Trust during the second quarter worth approximately $69,000. Finally, Ameriprise Financial Inc. increased its stake in shares of John Hancock Investors Trust by 63.3% during the second quarter. Ameriprise Financial Inc. now owns 21,231 shares of the financial services provider’s stock worth $294,000 after buying an additional 8,228 shares during the period. 27.01% of the stock is owned by institutional investors and hedge funds.

John Hancock Investors Trust Stock Performance

NYSE:JHI opened at $13.26 on Monday. John Hancock Investors Trust has a 52 week low of $12.50 and a 52 week high of $14.51. The company has a fifty day simple moving average of $13.28 and a two-hundred day simple moving average of $13.46.

John Hancock Investors Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be issued a $0.297 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 9.0%. This is a boost from John Hancock Investors Trust’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, June 11th.

About John Hancock Investors Trust

John Hancock Investors Trust (NYSE: JHI) is a closed-end management investment company that offers investors access to a diversified portfolio of global securities. Established in 1929, the trust seeks to combine long-term capital growth with income generation through active portfolio management. Shares of the fund trade on the New York Stock Exchange, providing investors with the liquidity of an exchange-traded security alongside the diversification benefits of a professionally managed fund structure.

The fund’s investment strategy emphasizes a multi-asset approach, allocating capital across global equities, fixed-income instruments and convertible securities.