Short Interest in John Hancock Investors Trust (NYSE:JHI) Declines By 80.7%

John Hancock Investors Trust (NYSE:JHI) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 2,100 shares, a decline of 80.7% from the February 28th total of 10,900 shares. Based on an average daily volume of 17,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On John Hancock Investors Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of John Hancock Investors Trust in the fourth quarter worth approximately $29,000. 1607 Capital Partners LLC boosted its holdings in John Hancock Investors Trust by 40.3% in 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. Invesco Ltd. boosted its holdings in John Hancock Investors Trust by 7.0% in the 4th quarter. Invesco Ltd. now owns 69,421 shares of the financial services provider’s stock worth $950,000 after buying an additional 4,551 shares during the period. Sit Investment Associates Inc. boosted its holdings 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 worth $4,473,000 after buying an additional 107,179 shares during the period. Finally, Morey & Quinn Wealth Partners LLC bought a new stake in John Hancock Investors Trust during the fourth quarter valued at about $595,000. Institutional investors own 27.01% of the company’s stock.

John Hancock Investors Trust Stock Performance

NYSE:JHI traded down $0.03 during mid-day trading on Wednesday, hitting $13.62. 17,898 shares of the company traded hands, compared to its average volume of 19,361. The stock’s fifty day moving average price is $13.95 and its 200-day moving average price is $14.01. John Hancock Investors Trust has a one year low of $12.89 and a one year high of $14.48.

John Hancock Investors Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a dividend of $0.2349 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.90%.

About John Hancock Investors Trust

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.