John Hancock Investors Trust (NYSE:JHI) Short Interest Down 20.4% in February

John Hancock Investors Trust (NYSE:JHI) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 10,900 shares, a drop of 20.4% from the February 13th total of 13,700 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 18,700 shares, the short-interest ratio is presently 0.6 days.

John Hancock Investors Trust Trading Down 0.2 %

NYSE:JHI traded down $0.03 on Tuesday, hitting $13.50. 18,375 shares of the company’s stock were exchanged, compared to its average volume of 19,340. The firm has a 50-day moving average price of $14.00 and a 200-day moving average price of $14.02. John Hancock Investors Trust has a 52 week low of $12.89 and a 52 week high of $14.48.

John Hancock Investors Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be given a $0.2349 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Trading of John Hancock Investors Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of John Hancock Investors Trust in the fourth quarter valued at about $29,000. 1607 Capital Partners LLC increased its position 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 acquiring an additional 154,174 shares during the last quarter. Invesco Ltd. increased its position in shares of John Hancock Investors Trust by 7.0% in the fourth quarter. Invesco Ltd. now owns 69,421 shares of the financial services provider’s stock valued at $950,000 after acquiring an additional 4,551 shares during the last quarter. Sit Investment Associates Inc. increased its position in shares of John Hancock Investors Trust by 48.8% in the fourth 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 during the last quarter. Finally, Morey & Quinn Wealth Partners LLC acquired a new stake in shares of John Hancock Investors Trust in the fourth quarter valued at about $595,000. 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.