John Hancock Investors Trust (NYSE:JHI) Sees Significant Decrease in Short Interest

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

John Hancock Investors Trust Stock Up 0.2%

Shares of John Hancock Investors Trust stock traded up $0.03 during trading on Friday, hitting $12.23. 20,416 shares of the stock traded hands, compared to its average volume of 25,861. John Hancock Investors Trust has a twelve month low of $12.15 and a twelve month high of $14.27. The company has a fifty day moving average price of $13.07 and a two-hundred day moving average price of $13.18.

John Hancock Investors Trust Cuts Dividend

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

Institutional Trading of John Hancock Investors Trust

Several large investors have recently added to or reduced their stakes in JHI. Bank of America Corp DE raised its holdings in shares of John Hancock Investors Trust by 2.6% during the 1st quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 863 shares in the last quarter. Riverbridge Partners LLC increased its position in 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 during the last quarter. IFP Advisors Inc acquired a new position in John Hancock Investors Trust during the second quarter worth $32,000. World Investment Advisors bought a new position in John Hancock Investors Trust during the first quarter valued at about $299,000. Finally, Sit Investment Associates Inc. raised its holdings in John Hancock Investors Trust by 12.1% during the fourth quarter. Sit Investment Associates Inc. now owns 597,048 shares of the financial services provider’s stock valued at $8,162,000 after buying an additional 64,495 shares in the last quarter. 27.01% of the stock is owned by institutional investors.

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.