John Hancock Investors Trust (NYSE:JHI – Get Free Report) saw a significant growth in short interest in 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. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 32,606 shares, the short-interest ratio is currently 1.0 days.
Institutional Investors Weigh In On John Hancock Investors Trust
Several hedge funds have recently bought and sold shares of JHI. Bank of America Corp DE boosted its holdings in John Hancock Investors Trust by 2.6% during the first quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider’s stock worth $433,000 after buying an additional 863 shares in the last quarter. IFP Advisors Inc acquired a new stake in John Hancock Investors Trust during the second quarter valued at $32,000. Sowell Financial Services LLC purchased a new position in John Hancock Investors Trust in the third quarter valued at $146,000. Shaker Financial Services LLC increased its holdings in John Hancock Investors Trust by 12.8% in the third quarter. Shaker Financial Services LLC now owns 148,070 shares of the financial services provider’s stock valued at $1,829,000 after buying an additional 16,798 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of John Hancock Investors Trust in the first quarter worth about $299,000. Hedge funds and other institutional investors own 27.01% of the company’s stock.
John Hancock Investors Trust Price Performance
JHI traded up $0.11 during midday trading on Thursday, hitting $11.99. 41,730 shares of the company were exchanged, compared to its average volume of 21,969. The company’s 50 day simple moving average is $12.48 and its 200 day simple moving average is $13.17. 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 business 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 is a negative change 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%.
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.
See Also
- Five stocks we like better than John Hancock Investors Trust
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & 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.
