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

John Hancock Investors Trust (NYSE:JHI) was the target 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,400 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in John Hancock Investors Trust during the 4th quarter valued at $29,000. Noble Wealth Management PBC purchased a new stake in shares of John Hancock Investors Trust in the fourth quarter valued at $33,000. HighTower Advisors LLC acquired a new stake in shares of John Hancock Investors Trust during the third quarter valued at $138,000. Aviance Capital Partners LLC increased its position in John Hancock Investors Trust by 9.3% during the 4th quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 1,888 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC purchased a new stake in John Hancock Investors Trust during the 4th quarter worth about $595,000. 27.01% of the stock is owned by hedge funds and other institutional investors.

John Hancock Investors Trust Stock Up 1.2 %

Shares of JHI stock opened at $12.84 on Wednesday. The business’s fifty day moving average price is $13.62 and its 200 day moving average price is $13.92. John Hancock Investors Trust has a 1-year low of $11.61 and a 1-year high of $14.48.

John Hancock Investors Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were paid a $0.2349 dividend. This represents a $0.94 annualized dividend and a dividend yield of 7.32%. The ex-dividend date was Thursday, March 13th.

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.