John Hancock Investors Trust (NYSE:JHI - Get Free Report) was the target of a significant drop in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,200 shares, the days-to-cover ratio is currently 0.1 days.
John Hancock Investors Trust Price Performance
NYSE JHI traded down $0.04 on Friday, reaching $13.55. The company's stock had a trading volume of 25,323 shares, compared to its average volume of 19,321. John Hancock Investors Trust has a twelve month low of $12.89 and a twelve month high of $14.48. The firm's 50 day moving average is $13.94 and its two-hundred day moving average is $14.00.
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 paid a dividend of $0.2349 per share. This represents a $0.94 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend is Thursday, March 13th.
Institutional Investors Weigh In On John Hancock Investors Trust
A number of institutional investors and hedge funds have recently modified their holdings of JHI. Quarry LP purchased a new stake in shares of John Hancock Investors Trust during the fourth quarter valued at $29,000. 1607 Capital Partners LLC lifted its stake in John Hancock Investors Trust by 40.3% during the fourth quarter. 1607 Capital Partners LLC now owns 536,545 shares of the financial services provider's stock valued at $7,340,000 after buying an additional 154,174 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of John Hancock Investors Trust by 7.0% in the fourth 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. increased its position in shares of John Hancock Investors Trust by 48.8% in the fourth quarter. Sit Investment Associates Inc. now owns 326,964 shares of the financial services provider's stock worth $4,473,000 after acquiring an additional 107,179 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC purchased a new stake in shares of John Hancock Investors Trust in the 4th quarter valued at approximately $595,000. Institutional investors and hedge funds own 27.01% of the company's stock.
John Hancock Investors Trust Company Profile
(
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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.
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