John Hancock Investors Trust (NYSE:JHI) Short Interest Down 74.1% in August

John Hancock Investors Trust (NYSE:JHI) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,500 shares, a drop of 74.1% from the August 15th total of 5,800 shares. Based on an average daily volume of 20,800 shares, the short-interest ratio is currently 0.1 days.

A number of institutional investors have recently modified their holdings of JHI. Sowell Financial Services LLC purchased a new position in John Hancock Investors Trust during the 1st quarter worth $119,000. Mid Atlantic Financial Management Inc. ADV grew its position in John Hancock Investors Trust by 17.4% during the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 50,980 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 7,550 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in John Hancock Investors Trust during the 1st quarter worth $1,121,000. Morgan Stanley boosted its holdings in shares of John Hancock Investors Trust by 32.4% in the first quarter. Morgan Stanley now owns 37,702 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 9,217 shares in the last quarter. Finally, 1607 Capital Partners LLC boosted its holdings in shares of John Hancock Investors Trust by 1.9% in the first quarter. 1607 Capital Partners LLC now owns 861,826 shares of the financial services provider’s stock valued at $15,504,000 after acquiring an additional 15,918 shares in the last quarter. 19.90% of the stock is currently owned by institutional investors.

John Hancock Investors Trust stock traded up $0.05 during midday trading on Thursday, hitting $18.92. 56,454 shares of the company’s stock were exchanged, compared to its average volume of 16,084. John Hancock Investors Trust has a 12-month low of $15.46 and a 12-month high of $19.18. The firm’s 50 day simple moving average is $18.94 and its 200 day simple moving average is $18.55.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Monday, September 13th will be given a dividend of $0.367 per share. This is an increase from John Hancock Investors Trust’s previous quarterly dividend of $0.35. This represents a $1.47 annualized dividend and a yield of 7.76%. The ex-dividend date of this dividend is Friday, September 10th.

About John Hancock Investors Trust

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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