John Hancock Investors Trust (NYSE:JHI) Shares Shorted: Short Interest Down 98.6% in October

John Hancock Investors Trust (NYSE:JHI) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 451 shares, a drop of 98.6% from the October 15th total of 31,934 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 35,929 shares, the short-interest ratio is currently 0.0 days.

John Hancock Investors Trust Trading Down 1.0%

JHI stock traded down $0.12 on Tuesday, reaching $12.13. 15,760 shares of the company were exchanged, compared to its average volume of 36,504. John Hancock Investors Trust has a 12 month low of $11.73 and a 12 month high of $14.26. The stock’s fifty day moving average price is $12.27 and its 200 day moving average price is $13.09.

John Hancock Investors Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were given a $0.2940 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.18 annualized dividend and a yield of 9.7%. This is a negative change from John Hancock Investors Trust’s previous quarterly dividend of $0.2970.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Shaker Financial Services LLC grew its position in John Hancock Investors Trust by 12.8% during the third quarter. Shaker Financial Services LLC now owns 148,070 shares of the financial services provider’s stock worth $1,829,000 after buying an additional 16,798 shares in the last quarter. Riverbridge Partners LLC increased its stake in John Hancock Investors Trust by 3.0% during the third quarter. Riverbridge Partners LLC now owns 50,614 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 1,481 shares during the period. Bank of America Corp DE raised its holdings 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 valued at $433,000 after acquiring an additional 863 shares in the last quarter. World Investment Advisors acquired a new position in John Hancock Investors Trust in the 1st quarter valued at approximately $299,000. Finally, Hoertkorn Richard Charles raised its holdings in John Hancock Investors Trust by 21.4% in the 3rd quarter. Hoertkorn Richard Charles now owns 17,000 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors own 27.01% of the company’s stock.

About John Hancock Investors Trust

John Hancock Investors Trust (NYSE: JHI) was a closed-end investment company designed to provide investors with exposure to a professionally managed portfolio of income-producing securities. The fund primarily focused on fixed-income investments and sought to generate current income while also pursuing long-term capital appreciation. The trust invested in a diversified selection of debt securities, which could include corporate bonds, government and agency obligations, mortgage-related securities, and other income-oriented instruments.