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

John Hancock Investors Trust (NYSE:JHI - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 29,700 shares, a growth of 3,200.0% from the March 31st total of 900 shares. Approximately 0.3% of the company's stock are sold short. Based on an average trading volume of 22,500 shares, the short-interest ratio is presently 1.3 days.

John Hancock Investors Trust Stock Performance

John Hancock Investors Trust stock traded up $0.03 during midday trading on Thursday, reaching $13.19. The stock had a trading volume of 39,889 shares, compared to its average volume of 20,509. The company has a fifty day moving average price of $13.36 and a two-hundred day moving average price of $13.83. John Hancock Investors Trust has a 12 month low of $11.61 and a 12 month high of $14.48.

John Hancock Investors Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were issued a $0.2349 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date was Thursday, March 13th.

Institutional Trading of John Hancock Investors Trust

Hedge funds have recently bought and sold shares of the business. 1607 Capital Partners LLC lifted its stake in shares of John Hancock Investors Trust by 40.3% in the fourth quarter. 1607 Capital Partners LLC now owns 536,545 shares of the financial services provider's stock valued at $7,340,000 after buying an additional 154,174 shares in the last quarter. Sit Investment Associates Inc. lifted its position in 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 valued at $4,473,000 after acquiring an additional 107,179 shares in the last quarter. Invesco Ltd. increased its holdings in John Hancock Investors Trust by 7.0% during the 4th quarter. Invesco Ltd. now owns 69,421 shares of the financial services provider's stock worth $950,000 after purchasing an additional 4,551 shares in the last quarter. LPL Financial LLC increased its holdings in John Hancock Investors Trust by 10.2% during 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, Robinson Capital Management LLC raised its stake in shares of John Hancock Investors Trust by 398.3% in the fourth quarter. Robinson Capital Management LLC now owns 43,700 shares of the financial services provider's stock worth $598,000 after purchasing an additional 34,930 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 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.