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

John Hancock Investors Trust (NYSE:JHI) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 31,934 shares, a growth of 181.8% from the September 30th total of 11,332 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 32,606 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On John Hancock Investors Trust

A number of large investors have recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new position in John Hancock Investors Trust during the 3rd quarter worth approximately $146,000. Shaker Financial Services LLC boosted its holdings in shares of John Hancock Investors Trust by 12.8% in the 3rd quarter. Shaker Financial Services LLC now owns 148,070 shares of the financial services provider’s stock valued at $1,829,000 after acquiring an additional 16,798 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of John Hancock Investors Trust in the 2nd quarter valued at $32,000. Bank of America Corp DE boosted 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. Finally, World Investment Advisors acquired a new stake in shares of John Hancock Investors Trust in the first quarter worth $299,000. Hedge funds and other institutional investors own 27.01% of the company’s stock.

John Hancock Investors Trust Stock Performance

Shares of JHI stock opened at $11.94 on Friday. The business has a fifty day moving average of $12.43 and a 200 day moving average of $13.15. John Hancock Investors Trust has a 1 year low of $11.73 and a 1 year high of $14.26.

John Hancock Investors Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were issued a $0.2940 dividend. This is a drop 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 9.8%. The ex-dividend date of this dividend was Friday, September 11th.

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.