Short Interest in John Hancock Investors Trust (NYSE:JHI) Rises By 80.0%

Key Points

• Short interest for John Hancock Investors Trust (NYSE:JHI) increased by 80.0% in September, rising from 9,000 to 16,200 shares, suggesting increasing bearish sentiment among investors.
• The company also announced a quarterly dividend increase to $0.3158, resulting in an annualized yield of 9.0%, up from the previous $0.30 per share.
• Institutional investors now hold 27.01% of John Hancock Investors Trust's stock, with notable increases from firms like Noble Wealth Management and Ameriprise Financial.

John Hancock Investors Trust (NYSE:JHI - ) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 16,200 shares, a growth of 80.0% from the August 31st total of 9,000 shares. Based on an average daily volume of 18,600 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 18,600 shares, the short-interest ratio is currently 0.9 days.

John Hancock Investors Trust Trading Down 0.5%

JHI stock traded down $0.07 during trading on Friday, hitting $14.01. 18,675 shares of the company traded hands, compared to its average volume of 28,787. The company has a 50-day moving average of $14.12 and a 200-day moving average of $13.66. John Hancock Investors Trust has a 1 year low of $11.61 and a 1 year high of $14.51.

John Hancock Investors Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were issued a $0.3158 dividend. This is a positive change from John Hancock Investors Trust's previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 9.0%. The ex-dividend date was Friday, September 12th.

Institutional Trading of John Hancock Investors Trust

Several large investors have recently added to or reduced their stakes in the stock. Noble Wealth Management PBC raised its holdings in John Hancock Investors Trust by 74.3% in the 1st quarter. Noble Wealth Management PBC now owns 4,224 shares of the financial services provider's stock worth $57,000 after purchasing an additional 1,800 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of John Hancock Investors Trust during the second quarter valued at about $69,000. Ameriprise Financial Inc. raised its stake in John Hancock Investors Trust by 63.3% in 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. Aviance Capital Partners LLC lifted its holdings in John Hancock Investors Trust by 23.5% in the first quarter. Aviance Capital Partners LLC now owns 27,474 shares of the financial services provider's stock worth $373,000 after buying an additional 5,236 shares during the period. Finally, Riverbridge Partners LLC boosted its position in John Hancock Investors Trust by 10.8% during the 1st quarter. Riverbridge Partners LLC now owns 31,650 shares of the financial services provider's stock valued at $429,000 after acquiring an additional 3,090 shares in the last quarter. Institutional investors 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.

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