Short Interest in John Hancock Investors Trust (NYSE:JHI) Decreases By 31.9%

John Hancock Investors Trust (NYSE:JHIGet Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 9,800 shares, a decline of 31.9% from the April 15th total of 14,400 shares. Based on an average trading volume of 20,900 shares, the days-to-cover ratio is currently 0.5 days.

A number of large investors have recently made changes to their positions in the business. Financial Connections Group Inc. purchased a new stake in shares of John Hancock Investors Trust in the first quarter valued at approximately $40,000. Raymond James Financial Services Advisors Inc. increased its position in shares of John Hancock Investors Trust by 9.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,623 shares of the financial services provider’s stock valued at $244,000 after buying an additional 1,100 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of John Hancock Investors Trust in the third quarter valued at approximately $350,000. LPL Financial LLC increased its position in shares of John Hancock Investors Trust by 11.3% in the third quarter. LPL Financial LLC now owns 23,155 shares of the financial services provider’s stock valued at $432,000 after buying an additional 2,344 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of John Hancock Investors Trust in the fourth quarter valued at approximately $891,000. 21.44% of the stock is owned by institutional investors.

NYSE:JHI traded down $0.21 during trading hours on Friday, reaching $14.11. The company had a trading volume of 31,477 shares, compared to its average volume of 14,986. John Hancock Investors Trust has a 1-year low of $14.10 and a 1-year high of $19.60. The business’s 50 day moving average price is $16.04 and its 200-day moving average price is $17.36.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 11th were issued a $0.343 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 9.72%. The ex-dividend date of this dividend was Thursday, March 10th.

John Hancock Investors Trust Company Profile (Get Rating)

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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