John Hancock Investors Trust (NYSE:JHI) Stock Short Interest Falls 98.6%

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in shares of John Hancock Investors Trust during the 3rd quarter worth about $1,692,000. Riverbridge Partners LLC increased its stake in John Hancock Investors Trust by 3.0% in the third quarter. Riverbridge Partners LLC now owns 50,614 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 1,481 shares during the period. Hoertkorn Richard Charles raised its position in John Hancock Investors Trust by 21.4% in the third quarter. Hoertkorn Richard Charles now owns 17,000 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 3,000 shares in the last quarter. Sowell Financial Services LLC acquired a new position in John Hancock Investors Trust in the third quarter worth about $146,000. Finally, Shaker Financial Services LLC raised its position 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 worth $1,829,000 after purchasing an additional 16,798 shares in the last quarter. 27.01% of the stock is owned by institutional investors.

John Hancock Investors Trust Price Performance

Shares of JHI stock traded down $0.13 during mid-day trading on Thursday, reaching $12.04. The stock had a trading volume of 6,659 shares, compared to its average volume of 22,256. John Hancock Investors Trust has a one year low of $11.73 and a one year high of $14.26. The firm’s 50 day simple moving average is $12.25 and its 200 day simple moving average is $13.09.

John Hancock Investors Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors 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%.

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.