Short Interest in John Hancock Income Securities Trust (NYSE:JHS) Drops By 54.9%

John Hancock Income Securities Trust (NYSE:JHS) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 6,373 shares, a drop of 54.9% from the January 29th total of 14,140 shares. Based on an average daily volume of 13,483 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 13,483 shares, the days-to-cover ratio is currently 0.5 days.

John Hancock Income Securities Trust Price Performance

JHS traded up $0.05 during mid-day trading on Friday, reaching $11.62. 2,774 shares of the company traded hands, compared to its average volume of 9,345. The company’s fifty day moving average price is $11.69 and its 200-day moving average price is $11.66. John Hancock Income Securities Trust has a 52-week low of $10.62 and a 52-week high of $12.09.

John Hancock Income Securities Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were issued a $0.1831 dividend. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.73 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Large investors have recently made changes to their positions in the company. Prestige Wealth Management Group LLC bought a new position in shares of John Hancock Income Securities Trust in the 3rd quarter worth approximately $42,000. Wolverine Asset Management LLC raised its position in John Hancock Income Securities Trust by 5,395.0% in the second quarter. Wolverine Asset Management LLC now owns 5,495 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 5,395 shares during the period. Petra Financial Advisors Inc. raised its position in John Hancock Income Securities Trust by 72.1% in the fourth quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 8,010 shares during the period. Brick & Kyle Associates purchased a new position in shares of John Hancock Income Securities Trust during the 2nd quarter worth $238,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of John Hancock Income Securities Trust during the 2nd quarter worth $377,000.

John Hancock Income Securities Trust Company Profile

John Hancock Income Securities Trust (NYSE: JHS) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income while preserving capital. Trading on the New York Stock Exchange since its launch in the late 1970s, the trust offers investors access to a broad portfolio of fixed-income securities under a professional management structure.

The fund’s primary investment activities include purchasing U.S. government and agency obligations, investment-grade corporate debt, mortgage- and asset-backed securities, preferred stocks, and selected foreign debt instruments.