Short Interest in John Hancock Investors Trust (NYSE:JHI) Decreases By 20.4%

John Hancock Investors Trust (NYSE:JHI) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 10,900 shares, a drop of 20.4% from the February 13th total of 13,700 shares. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of John Hancock Investors Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JHI. Landscape Capital Management L.L.C. grew 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 purchasing an additional 2,460 shares during the period. HighTower Advisors LLC acquired a new position in shares of John Hancock Investors Trust in the 3rd quarter valued at approximately $138,000. Integrated Wealth Concepts LLC acquired a new stake in shares of John Hancock Investors Trust during the 3rd quarter valued at approximately $402,000. Robinson Capital Management LLC raised its position in shares of John Hancock Investors Trust by 398.3% during the 4th quarter. Robinson Capital Management LLC now owns 43,700 shares of the financial services provider’s stock valued at $598,000 after acquiring an additional 34,930 shares in the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in shares of John Hancock Investors Trust during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 27.01% of the company’s stock.

John Hancock Investors Trust Trading Up 0.3 %

John Hancock Investors Trust stock traded up $0.05 during midday trading on Wednesday, reaching $13.54. 29,987 shares of the company were exchanged, compared to its average volume of 19,428. The firm’s 50-day simple moving average is $14.00 and its 200-day simple moving average is $14.02. John Hancock Investors Trust has a 1 year low of $12.89 and a 1 year high of $14.48.

John Hancock Investors Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a $0.2349 dividend. This represents a $0.94 annualized dividend and a yield of 6.94%. The ex-dividend date is Thursday, March 13th.

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.