John Hancock Income Securities Trust (NYSE:JHS) Sees Large Growth in Short Interest

John Hancock Income Securities Trust (NYSE:JHS) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 3,900 shares, an increase of 116.7% from the January 15th total of 1,800 shares. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. lifted its holdings in shares of John Hancock Income Securities Trust by 5.4% during the 4th quarter. Sit Investment Associates Inc. now owns 2,833,028 shares of the financial services provider’s stock valued at $31,716,000 after purchasing an additional 145,059 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in John Hancock Income Securities Trust by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,563,643 shares of the financial services provider’s stock valued at $18,177,000 after buying an additional 11,472 shares in the last quarter. 1607 Capital Partners LLC increased its position in John Hancock Income Securities Trust by 43.8% during the 4th quarter. 1607 Capital Partners LLC now owns 1,112,680 shares of the financial services provider’s stock valued at $12,456,000 after buying an additional 339,177 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in John Hancock Income Securities Trust by 11.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 194,969 shares of the financial services provider’s stock valued at $2,183,000 after buying an additional 19,675 shares during the last quarter. Finally, Riverbridge Partners LLC boosted its holdings in John Hancock Income Securities Trust by 1.8% in the fourth quarter. Riverbridge Partners LLC now owns 82,808 shares of the financial services provider’s stock worth $927,000 after acquiring an additional 1,468 shares in the last quarter.

John Hancock Income Securities Trust Trading Up 0.5 %

Shares of John Hancock Income Securities Trust stock opened at $11.25 on Friday. The company has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $11.44. John Hancock Income Securities Trust has a one year low of $10.68 and a one year high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were paid a dividend of $0.2017 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.81 annualized dividend and a dividend yield of 7.17%.

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.