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

John Hancock Investors Trust (NYSE:JHI) was the target of a large decline in short interest during the month of 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 19,307 shares, the days-to-cover ratio is presently 0.8 days.

John Hancock Investors Trust Trading Up 0.6%

NYSE:JHI opened at $12.46 on Friday. John Hancock Investors Trust has a 1-year low of $12.36 and a 1-year high of $14.31. The company’s fifty day moving average price is $13.18 and its 200-day moving average price is $13.23.

John Hancock Investors Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 9.4%.

Hedge Funds Weigh In On John Hancock Investors Trust

Several institutional investors and hedge funds have recently modified their holdings of JHI. 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 valued at $8,162,000 after acquiring an additional 64,495 shares during the last quarter. World Investment Advisors acquired a new stake in shares of John Hancock Investors Trust in the first quarter worth approximately $299,000. IFP Advisors Inc acquired a new stake in shares of John Hancock Investors Trust in the second quarter worth approximately $32,000. Riverbridge Partners LLC increased its position 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 in the last quarter. Finally, Aviance Capital Partners LLC increased its position in shares of 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 purchasing an additional 1,340 shares in the last quarter. Hedge funds and other institutional investors own 27.01% of the company’s stock.

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.