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

John Hancock Investors Trust (NYSE:JHI) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 26,320 shares, an increase of 60.6% from the July 30th total of 16,385 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 9,335 shares, the short-interest ratio is presently 2.8 days.

John Hancock Investors Trust Stock Down 1.0%

Shares of JHI stock traded down $0.14 during mid-day trading on Tuesday, reaching $13.21. The stock had a trading volume of 31,578 shares, compared to its average volume of 19,949. John Hancock Investors Trust has a 1-year low of $12.50 and a 1-year high of $14.51. The business’s fifty day moving average is $13.29 and its 200-day moving average is $13.33.

Hedge Funds Weigh In On John Hancock Investors Trust

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake 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 valued at $433,000 after acquiring an additional 863 shares during the period. World Investment Advisors acquired a new stake in shares of John Hancock Investors Trust in the first quarter worth $299,000. Riverbridge Partners LLC raised its holdings 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 purchasing an additional 1,855 shares during the last quarter. Sit Investment Associates Inc. raised its holdings 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 purchasing an additional 64,495 shares during the last quarter. Finally, Invesco Ltd. lifted its position in John Hancock Investors Trust by 21.9% during the fourth quarter. Invesco Ltd. now owns 130,641 shares of the financial services provider’s stock valued at $1,786,000 after purchasing an additional 23,435 shares during the period. 27.01% of the stock is owned by hedge funds and other institutional investors.

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.