John Hancock Investors Trust (NYSE:JHI) Stock Short Interest Report for September

John Hancock Investors Trust (NYSE:JHI) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 11,332 shares, a growth of 239.7% from the September 15th total of 3,336 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 23,901 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of John Hancock Investors Trust

Large investors have recently made changes to their positions in the business. IFP Advisors Inc purchased a new stake in shares of John Hancock Investors Trust during the 2nd quarter valued at about $32,000. World Investment Advisors bought a new position in shares of John Hancock Investors Trust in the 1st quarter valued at about $299,000. Bank of America Corp DE lifted its holdings in shares of John Hancock Investors Trust by 2.6% in 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 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. Finally, Sit Investment Associates Inc. grew its position in John Hancock Investors Trust by 12.1% in 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 in the last quarter. 27.01% of the stock is currently owned by institutional investors.

John Hancock Investors Trust Trading Down 0.3%

Shares of JHI stock traded down $0.04 on Tuesday, reaching $12.02. The company’s stock had a trading volume of 28,216 shares, compared to its average volume of 20,988. The stock’s fifty day simple moving average is $12.83 and its 200-day simple moving average is $13.10. John Hancock Investors Trust has a 1 year low of $11.93 and a 1 year high of $14.26.

John Hancock Investors Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were paid a $0.2940 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend was Friday, September 11th. This is a decrease from John Hancock Investors Trust’s previous quarterly dividend of $0.2970.

About John Hancock Investors Trust

John Hancock Investors Trust (NYSE:JHI) is a publicly traded closed-end investment company. The fund seeks long-term growth of capital by investing primarily in a diversified portfolio of equity securities, including common stocks of companies across a range of industries.

The trust is managed by John Hancock Investment Management, an asset-management organization affiliated with Manulife Investment Management. Its portfolio is professionally selected and managed, with investment decisions based on research and analysis of individual companies and broader market conditions.

As a closed-end fund, John Hancock Investors Trust issues a fixed number of shares that trade on the New York Stock Exchange.