John Hancock Investors Trust (NYSE:JHI) Sees Significant Drop in Short Interest

John Hancock Investors Trust (NYSE:JHI - Get Free Report) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 5,000 shares, a decline of 67.7% from the May 15th total of 15,500 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 22,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Robinson Capital Management LLC grew its position in John Hancock Investors Trust by 398.3% in the 4th quarter. Robinson Capital Management LLC now owns 43,700 shares of the financial services provider's stock valued at $598,000 after buying an additional 34,930 shares in the last quarter. Morey & Quinn Wealth Partners LLC bought a new stake in John Hancock Investors Trust during the fourth quarter worth approximately $595,000. Sit Investment Associates Inc. grew its holdings in shares of John Hancock Investors Trust by 48.8% in the 4th quarter. Sit Investment Associates Inc. now owns 326,964 shares of the financial services provider's stock worth $4,473,000 after acquiring an additional 107,179 shares during the last quarter. LPL Financial LLC increased its stake in John Hancock Investors Trust by 10.2% in the 4th quarter. LPL Financial LLC now owns 45,361 shares of the financial services provider's stock worth $621,000 after purchasing an additional 4,213 shares in the last quarter. Finally, Noble Wealth Management PBC raised its holdings in shares of John Hancock Investors Trust by 74.3% during the first quarter. Noble Wealth Management PBC now owns 4,224 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 1,800 shares during the period. 27.01% of the stock is owned by institutional investors and hedge funds.

John Hancock Investors Trust Stock Performance

JHI stock traded up $0.06 during trading on Monday, reaching $13.48. The stock had a trading volume of 7,817 shares, compared to its average volume of 20,292. The firm has a fifty day moving average price of $13.21 and a 200 day moving average price of $13.66. John Hancock Investors Trust has a 1-year low of $11.61 and a 1-year high of $14.48.

John Hancock Investors Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be issued a $0.299 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.20 dividend on an annualized basis and a yield of 8.88%. This is a boost from John Hancock Investors Trust's previous quarterly dividend of $0.23.

John Hancock Investors Trust Company Profile

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.