John Hancock Investors Trust (NYSE:JHI) Short Interest Update
by Doug Wharley · The Cerbat GemJohn Hancock Investors Trust (NYSE:JHI – Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 6,716 shares, a decline of 45.0% from the April 30th total of 12,205 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,340 shares, the days-to-cover ratio is currently 0.2 days.
John Hancock Investors Trust Trading Up 0.3%
Shares of JHI traded up $0.04 during trading hours on Thursday, hitting $13.40. 5,454 shares of the stock traded hands, compared to its average volume of 23,525. John Hancock Investors Trust has a 1-year low of $12.50 and a 1-year high of $14.51. The business has a fifty day moving average of $13.23 and a 200-day moving average of $13.54.
John Hancock Investors Trust Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.297 per share. This represents a $1.19 annualized dividend and a dividend yield of 8.9%. This is a boost from John Hancock Investors Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, June 11th.
Hedge Funds Weigh In On John Hancock Investors Trust
Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in John Hancock Investors Trust in the second quarter valued at about $69,000. Ameriprise Financial Inc. grew its holdings in shares of John Hancock Investors Trust by 63.3% during the second quarter. Ameriprise Financial Inc. now owns 21,231 shares of the financial services provider’s stock worth $294,000 after buying an additional 8,228 shares in the last quarter. World Investment Advisors bought a new position in shares of John Hancock Investors Trust during the first quarter worth about $299,000. Bank of America Corp DE grew its holdings in shares of 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. Finally, Aviance Capital Partners LLC boosted its position in John Hancock Investors Trust by 3.9% during the fourth quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 1,340 shares during the last quarter. Institutional investors and hedge funds own 27.01% of the company’s stock.
John Hancock Investors Trust Company Profile
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.