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

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

John Hancock Investors Trust Stock Performance

JHI traded down $0.03 during trading on Tuesday, reaching $13.50. 18,375 shares of the stock traded hands, compared to its average volume of 19,340. The stock’s 50-day moving average is $14.00 and its 200 day moving average is $14.02. John Hancock Investors Trust has a 12 month low of $12.89 and a 12 month high of $14.48.

John Hancock Investors Trust Cuts Dividend

The firm 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 dividend of $0.2349 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.94 annualized dividend and a dividend yield of 6.96%.

Institutional Investors Weigh In On John Hancock Investors Trust

Several large investors have recently added to or reduced their stakes in JHI. Landscape Capital Management L.L.C. boosted its holdings in shares of John Hancock Investors Trust by 10.4% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 26,077 shares of the financial services provider’s stock worth $367,000 after buying an additional 2,460 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of John Hancock Investors Trust during the 3rd quarter valued at $138,000. Integrated Wealth Concepts LLC bought a new position in John Hancock Investors Trust during the third quarter worth $402,000. Robinson Capital Management LLC grew its holdings in 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 worth $598,000 after purchasing an additional 34,930 shares during the period. Finally, Noble Wealth Management PBC bought a new stake in John Hancock Investors Trust in the fourth quarter valued at $33,000. 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.