Short Interest in John Hancock Investors Trust (NYSE:JHI) Drops By 41.8%

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

John Hancock Investors Trust Stock Performance

Shares of JHI stock traded down $0.00 during trading hours on Wednesday, reaching $12.40. 30,961 shares of the company’s stock were exchanged, compared to its average volume of 20,461. John Hancock Investors Trust has a fifty-two week low of $12.36 and a fifty-two week high of $14.37. The stock’s 50 day moving average is $13.20 and its 200-day moving average is $13.24.

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 paid a dividend of $0.294 per share. This represents a $1.18 annualized dividend and a yield of 9.5%. The ex-dividend date is Friday, September 11th.

Institutional Investors Weigh In On John Hancock Investors Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JHI. Sit Investment Associates Inc. grew its stake in shares of 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 worth $8,162,000 after acquiring an additional 64,495 shares during the last quarter. Riverbridge Partners LLC raised its position in shares of John Hancock Investors Trust by 4.0% in the 1st quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider’s stock valued at $617,000 after purchasing an additional 1,855 shares during the last quarter. Aviance Capital Partners LLC boosted its stake in John Hancock Investors Trust by 3.9% in the 4th quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 1,340 shares in the last quarter. Bank of America Corp DE grew its position in 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 worth $433,000 after purchasing an additional 863 shares during the last quarter. Finally, World Investment Advisors purchased a new stake in John Hancock Investors Trust during the 1st quarter worth approximately $299,000. 27.01% of the stock is currently owned by hedge funds and other 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.