John Hancock Income Securities Trust (NYSE:JHS) Short Interest Up 403.9% in August

John Hancock Income Securities Trust (NYSE:JHS) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 25,700 shares, an increase of 403.9% from the August 15th total of 5,100 shares. Based on an average daily trading volume, of 21,500 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On John Hancock Income Securities Trust

A number of large investors have recently bought and sold shares of JHS. Comerica Bank boosted its position in John Hancock Income Securities Trust by 66.7% in the 1st quarter. Comerica Bank now owns 2,500 shares of the financial services provider’s stock valued at $28,000 after buying an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of John Hancock Income Securities Trust in the 2nd quarter valued at about $48,000. Shaker Financial Services LLC raised its stake in shares of John Hancock Income Securities Trust by 66.4% in the 2nd quarter. Shaker Financial Services LLC now owns 43,113 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 17,196 shares during the period. Riverbridge Partners LLC raised its stake in shares of John Hancock Income Securities Trust by 162.8% in the 1st quarter. Riverbridge Partners LLC now owns 59,769 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 37,028 shares during the period. Finally, Karpus Management Inc. grew its holdings in shares of John Hancock Income Securities Trust by 9.9% in the 4th quarter. Karpus Management Inc. now owns 70,161 shares of the financial services provider’s stock valued at $763,000 after acquiring an additional 6,348 shares in the last quarter.

John Hancock Income Securities Trust Trading Up 0.6 %

Shares of JHS traded up $0.06 during mid-day trading on Friday, reaching $11.62. The company had a trading volume of 5,135 shares, compared to its average volume of 24,296. John Hancock Income Securities Trust has a twelve month low of $9.76 and a twelve month high of $11.85. The company’s 50-day moving average is $11.40 and its 200-day moving average is $11.15.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.1132 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.45 dividend on an annualized basis and a yield of 3.90%.

John Hancock Income Securities Trust Company Profile

John Hancock Income Securities 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. The fund invests in the fixed income markets of United States. It invests primarily in corporate and government bonds with average maturity of 7.57 years.