John Hancock Investors Trust (NYSE:JHI) Short Interest Down 80.7% in March

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

John Hancock Investors Trust Stock Performance

Shares of JHI stock traded down $0.06 on Thursday, reaching $13.58. 4,952 shares of the company’s stock traded hands, compared to its average volume of 19,329. John Hancock Investors Trust has a 12-month low of $12.89 and a 12-month high of $14.48. The business’s 50 day moving average price is $13.95 and its two-hundred day moving average price is $14.01.

John Hancock Investors Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be issued a $0.2349 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.92%.

Institutional Trading of John Hancock Investors Trust

Several institutional investors have recently made changes to their positions in the stock. 1607 Capital Partners LLC increased its stake 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 worth $7,340,000 after acquiring an additional 154,174 shares during the last quarter. Sit Investment Associates Inc. increased its position 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 purchasing an additional 107,179 shares during the last quarter. Morey & Quinn Wealth Partners LLC purchased a new stake in shares of John Hancock Investors Trust during the 4th quarter worth about $595,000. Robinson Capital Management LLC lifted its stake in shares of John Hancock Investors Trust by 398.3% in the 4th 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 during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of John Hancock Investors Trust during the 3rd quarter worth about $402,000. 27.01% of the stock is currently owned by institutional investors and hedge funds.

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.