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

by · The Markets Daily

John Hancock Investors Trust (NYSE:JHI – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 12,223 shares, a growth of 164.2% from the May 31st total of 4,626 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 14,651 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of John Hancock Investors Trust

Several institutional investors have recently added to or reduced their stakes in JHI. Raymond James Financial Inc. bought a new position in shares of John Hancock Investors Trust during the second quarter valued at approximately $69,000. Ameriprise Financial Inc. grew its position in John Hancock Investors Trust by 63.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 21,231 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 8,228 shares during the last quarter. World Investment Advisors bought a new position in John Hancock Investors Trust in the 1st quarter valued at $299,000. Bank of America Corp DE increased its stake in John Hancock Investors Trust by 2.6% in the first quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 863 shares during the period. Finally, Aviance Capital Partners LLC increased its stake in John Hancock Investors Trust by 3.9% in the fourth quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 1,340 shares during the period. Institutional investors own 27.01% of the company’s stock.

John Hancock Investors Trust Trading Down 0.1%

Shares of JHI traded down $0.01 during midday trading on Tuesday, hitting $13.31. The stock had a trading volume of 20,650 shares, compared to its average volume of 21,966. John Hancock Investors Trust has a 1 year low of $12.50 and a 1 year high of $14.51. The stock’s 50 day moving average is $13.27 and its 200 day moving average is $13.46.

John Hancock Investors Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be issued a dividend of $0.297 per share. This represents a $1.19 annualized dividend and a yield of 8.9%. The ex-dividend date is Thursday, June 11th. This is a positive change from John Hancock Investors Trust’s previous quarterly dividend of $0.26.

John Hancock Investors Trust Company Profile

(Get Free Report)

John Hancock Investors Trust (NYSE: JHI) is a closed-end management investment company that offers investors access to a diversified portfolio of global securities. Established in 1929, the trust seeks to combine long-term capital growth with income generation through active portfolio management. Shares of the fund trade on the New York Stock Exchange, providing investors with the liquidity of an exchange-traded security alongside the diversification benefits of a professionally managed fund structure.

The fund’s investment strategy emphasizes a multi-asset approach, allocating capital across global equities, fixed-income instruments and convertible securities.

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