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

John Hancock Investors Trust (NYSE:JHI) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 900 shares, a drop of 57.1% from the March 15th total of 2,100 shares. Based on an average daily volume of 20,400 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On John Hancock Investors Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. 1607 Capital Partners LLC raised its holdings in John Hancock Investors Trust by 40.3% during the 4th quarter. 1607 Capital Partners LLC now owns 536,545 shares of the financial services provider’s stock worth $7,340,000 after buying an additional 154,174 shares during the period. Sit Investment Associates Inc. raised its stake 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 valued at $4,473,000 after purchasing an additional 107,179 shares during the period. Morey & Quinn Wealth Partners LLC bought a new stake in shares of John Hancock Investors Trust in the fourth quarter valued at about $595,000. Robinson Capital Management LLC lifted its holdings 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 valued at $598,000 after purchasing an additional 34,930 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of John Hancock Investors Trust during the third quarter worth about $138,000. Institutional investors and hedge funds own 27.01% of the company’s stock.

John Hancock Investors Trust Trading Up 0.6 %

Shares of JHI traded up $0.08 during trading hours on Friday, hitting $12.87. 88,860 shares of the stock traded hands, compared to its average volume of 20,265. John Hancock Investors Trust has a 1-year low of $11.61 and a 1-year high of $14.48. The business has a fifty day moving average of $13.57 and a 200-day moving average of $13.90.

John Hancock Investors Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were paid a $0.2349 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.30%.

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.