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

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

Hedge Funds Weigh In On John Hancock Investors Trust

Large investors have recently bought and sold shares of the business. IFP Advisors Inc purchased a new stake in John Hancock Investors Trust during the 2nd quarter worth about $32,000. Sowell Financial Services LLC purchased a new position in shares of John Hancock Investors Trust in the 3rd quarter valued at about $146,000. Hoertkorn Richard Charles raised its position in shares of John Hancock Investors Trust by 21.4% during the 3rd quarter. Hoertkorn Richard Charles now owns 17,000 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 3,000 shares in the last quarter. World Investment Advisors acquired a new stake in shares of John Hancock Investors Trust during the 1st quarter worth about $299,000. Finally, Bank of America Corp DE raised its position 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 worth $433,000 after acquiring an additional 863 shares in the last quarter. Hedge funds and other institutional investors own 27.01% of the company’s stock.

John Hancock Investors Trust Trading Down 0.3%

Shares of NYSE:JHI traded down $0.04 during trading hours on Wednesday, reaching $12.14. The stock had a trading volume of 3,300 shares, compared to its average volume of 22,277. John Hancock Investors Trust has a 1 year low of $11.73 and a 1 year high of $14.26. The firm’s 50 day moving average is $12.27 and its 200-day moving average is $13.09.

John Hancock Investors Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were paid a dividend of $0.2940 per share. The ex-dividend date was Friday, September 11th. This is a decrease from John Hancock Investors Trust’s previous quarterly dividend of $0.2970. This represents a $1.18 dividend on an annualized basis and a dividend yield of 9.7%.

John Hancock Investors Trust Company Profile

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.