John Hancock Investors Trust (NYSE:JHI) Sees Large Drop in Short Interest

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

Institutional Investors Weigh In On John Hancock Investors Trust

A number of hedge funds have recently made changes to their positions in JHI. IFP Advisors Inc acquired a new position in John Hancock Investors Trust in the second quarter valued at about $32,000. Sowell Financial Services LLC acquired a new stake in shares of John Hancock Investors Trust during the third quarter worth approximately $146,000. Hoertkorn Richard Charles increased its holdings in shares of John Hancock Investors Trust by 21.4% during the third quarter. Hoertkorn Richard Charles now owns 17,000 shares of the financial services provider’s stock worth $210,000 after buying an additional 3,000 shares in the last quarter. World Investment Advisors bought a new position in shares of John Hancock Investors Trust in the first quarter valued at approximately $299,000. Finally, Bank of America Corp DE raised its stake in shares of John Hancock Investors Trust by 2.6% in the first 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. Institutional investors and hedge funds own 27.01% of the company’s stock.

John Hancock Investors Trust Price Performance

JHI stock traded down $0.12 during trading on Tuesday, hitting $12.13. The company had a trading volume of 15,760 shares, compared to its average volume of 36,504. The company has a fifty day moving average price of $12.27 and a two-hundred day moving average price of $13.09. John Hancock Investors Trust has a fifty-two week low of $11.73 and a fifty-two week high of $14.26.

John Hancock Investors Trust Cuts Dividend

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

About John Hancock Investors Trust

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.