John Hancock Investors Trust (NYSE:JHI - Get Free Report) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 12,300 shares, a decline of 16.3% from the August 31st total of 14,700 shares. Based on an average trading volume of 19,700 shares, the days-to-cover ratio is presently 0.6 days.
Hedge Funds Weigh In On John Hancock Investors Trust
Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in John Hancock Investors Trust by 16.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 100,488 shares of the financial services provider's stock valued at $1,336,000 after purchasing an additional 14,545 shares during the last quarter. Capital Investment Advisors LLC increased its stake in John Hancock Investors Trust by 3.4% during the second quarter. Capital Investment Advisors LLC now owns 150,078 shares of the financial services provider's stock worth $1,996,000 after acquiring an additional 4,956 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in John Hancock Investors Trust during the second quarter worth about $178,000. Riverbridge Partners LLC acquired a new stake in John Hancock Investors Trust during the first quarter worth about $359,000. Finally, 1607 Capital Partners LLC increased its stake in John Hancock Investors Trust by 47.9% during the fourth 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 last quarter. 27.01% of the stock is currently owned by institutional investors and hedge funds.
John Hancock Investors Trust Stock Performance
Shares of NYSE JHI traded up $0.15 during trading on Friday, reaching $14.01. The company had a trading volume of 25,381 shares, compared to its average volume of 22,120. John Hancock Investors Trust has a twelve month low of $11.63 and a twelve month high of $14.04. The stock has a 50-day moving average price of $13.62 and a two-hundred day moving average price of $13.41.
John Hancock Investors Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.3134 dividend. This is a positive change from John Hancock Investors Trust's previous quarterly dividend of $0.22. This represents a $1.25 annualized dividend and a yield of 8.95%. The ex-dividend date of this dividend is Friday, September 13th.
About John Hancock Investors Trust
(
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John Hancock Investors Trust is a closed-ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. It invests in the fixed income markets across the globe. The fund primarily invests in a diversified portfolio of corporate and government bonds, debt securities.
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