John Hancock Investors Trust (NYSE:JHI) Short Interest Down 41.8% in August

John Hancock Investors Trust (NYSE:JHI – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 15,313 shares, a decline of 41.8% from the August 15th total of 26,320 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,307 shares, the short-interest ratio is currently 0.8 days.

John Hancock Investors Trust Stock Performance

NYSE JHI traded up $0.08 during trading on Thursday, hitting $12.46. 23,289 shares of the stock traded hands, compared to its average volume of 20,476. John Hancock Investors Trust has a 12-month low of $12.36 and a 12-month high of $14.31. The firm has a 50-day simple moving average of $13.20 and a 200-day simple moving average of $13.24.

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John Hancock Investors Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.294 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 9.4%.

Institutional Investors Weigh In On John Hancock Investors Trust

Hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its holdings in shares of 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 worth $8,162,000 after buying an additional 64,495 shares during the last quarter. Riverbridge Partners LLC grew its position in John Hancock Investors Trust by 4.0% in the first quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 1,855 shares in the last quarter. Aviance Capital Partners LLC increased its stake in John Hancock Investors Trust by 3.9% during the fourth quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 1,340 shares during the last quarter. Bank of America Corp DE increased its stake in 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 acquiring an additional 863 shares during the last quarter. Finally, World Investment Advisors purchased a new stake in John Hancock Investors Trust during the first quarter valued at approximately $299,000. Hedge funds and other institutional investors own 27.01% of the company’s stock.

About John Hancock Investors Trust

(Get Free Report)

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.

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