John Hancock Investors Trust (NYSE:JHI - Get Free Report) was the target of a large drop in short interest during 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. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 17,200 shares, the short-interest ratio is presently 0.1 days.
Shares of JHI stock traded down $0.03 during mid-day trading on Wednesday, hitting $13.62. The company's stock had a trading volume of 17,898 shares, compared to its average volume of 19,361. John Hancock Investors Trust has a 52-week low of $12.89 and a 52-week high of $14.48. The business has a 50-day moving average price of $13.95 and a 200 day moving average price of $14.01.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 6.90%. The ex-dividend date is Thursday, March 13th.
A number of institutional investors have recently made changes to their positions in JHI. HighTower Advisors LLC bought a new position in John Hancock Investors Trust during the third quarter valued at approximately $138,000. Robinson Capital Management LLC lifted its holdings 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 buying an additional 34,930 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of John Hancock Investors Trust in the 3rd quarter worth $402,000. Morey & Quinn Wealth Partners LLC purchased a new stake in John Hancock Investors Trust during the fourth quarter valued at $595,000. Finally, Aviance Capital Partners LLC increased its position in John Hancock Investors Trust by 9.3% during the fourth quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider's stock valued at $304,000 after acquiring an additional 1,888 shares during the last quarter. Hedge funds and other institutional investors own 27.01% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider John Hancock Investors Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Investors Trust wasn't on the list.
While John Hancock Investors Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.