John Hancock Investors Trust (NYSE:JHI) Short Interest Update

John Hancock Investors Trust (NYSE:JHI – Get Free Report ) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 12,300 shares, down 16.3% from its August 31st total of 14,700 shares. Based on an average trading volume of 19,700 shares, the short interest rate is currently 0.6 days.

Hedge funds influence John Hancock Investors Trust

A number of institutional investors have recently added to or reduced their stakes in JHI. 1607 Capital Partners LLC raised its position in shares of John Hancock Investors Trust by 47.9% in the 4th quarter. 1607 Capital Partners LLC now owns 766,901 shares of the financial services provider’s stock worth $9,924,000 after acquiring an additional 248,400 shares during the period. Capital Investment Advisors LLC boosted its stake in John Hancock Investors Trust by 3.4% in the second quarter. Capital Investment Advisors LLC now owns 150,078 shares of the financial services provider’s stock valued at $1,996,000 after buying an additional 4,956 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in John Hancock Investors Trust by 16.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 100,488 shares of the financial services provider’s stock worth $1,336,000 after purchasing an additional 14,545 shares during the period. Riverbridge Partners LLC purchased a new position in John Hancock Investors Trust in the first quarter worth about $359,000. Finally, Simplicity Wealth LLC bought a new stake in John Hancock Investors Trust in the second quarter valued at approximately $178,000. 27.01% of the shares are currently held by institutional investors and hedge funds.

John Hancock investors have confidence in the stock’s performance

NYSE JHI traded up $0.15 during trading hours on Friday, reaching $14.01. 25,381 shares of the company traded hands, compared to its average volume of 22,120. The company’s 50-day moving average is $13.62 and its 200-day moving average is $13.41. John Hancock Investors Trust has a 12-month low of $11.63 and a 12-month high of $14.04.

John Hancock Investors Trust is increasing its dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.3134 dividend. This represents an annualized dividend of $1.25 and a dividend yield of 8.95%. The ex-dividend date is Friday, September 13. This is an increase from John Hancock Investors Trust’s previous quarterly dividend of $0.22.

John Hancock Investors Trust Company Profile

(Get a free report)

John Hancock Investors Trust is a closed-end fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. Invest in fixed income markets around the world. The fund invests primarily in a diversified portfolio of corporate and government bonds, debt securities.

See Also

Get news and ratings for John Hancock Investors Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for John Hancock Investors Trust and related companies with MarketBeat.com’s FREE daily email newsletter.