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

John Hancock Investors Trust (NYSE:JHI) was the recipient of a large drop in short interest in 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 trading volume of 20,400 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

John Hancock Investors Trust Stock Up 0.6 %

Shares of John Hancock Investors Trust stock traded up $0.08 on Friday, hitting $12.87. 88,860 shares of the company’s stock traded hands, compared to its average volume of 20,265. The company has a fifty day moving average of $13.57 and a two-hundred day moving average of $13.90. John Hancock Investors Trust has a one year low of $11.61 and a one year high of $14.48.

John Hancock Investors Trust Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of John Hancock Investors Trust in the 4th quarter worth about $29,000. Noble Wealth Management PBC bought a new position in John Hancock Investors Trust during the fourth quarter valued at $33,000. HighTower Advisors LLC purchased a new stake in John Hancock Investors Trust in the third quarter worth $138,000. Aviance Capital Partners LLC raised its stake in shares of John Hancock Investors Trust by 9.3% in the fourth quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider’s stock valued at $304,000 after buying an additional 1,888 shares during the period. Finally, Morey & Quinn Wealth Partners LLC purchased a new position in shares of John Hancock Investors Trust during the 4th quarter valued at $595,000. 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.