John Hancock Income Securities Trust (NYSE:JHS) Short Interest Down 52.8% in July

John Hancock Income Securities Trust (NYSE:JHS) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 4,200 shares, a drop of 52.8% from the June 30th total of 8,900 shares. Based on an average daily volume of 21,500 shares, the short-interest ratio is presently 0.2 days.

John Hancock Income Securities Trust Stock Up 0.3 %

NYSE JHS traded up $0.04 during trading on Friday, hitting $11.25. The stock had a trading volume of 5,857 shares, compared to its average volume of 15,760. John Hancock Income Securities Trust has a one year low of $9.76 and a one year high of $11.60. The stock has a 50 day simple moving average of $11.05 and a 200 day simple moving average of $11.02.

John Hancock Income Securities Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a $0.116 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.46 annualized dividend and a yield of 4.13%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.11.

Institutional Trading of John Hancock Income Securities Trust

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank lifted its stake in John Hancock Income Securities Trust by 66.7% in the first quarter. Comerica Bank now owns 2,500 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,000 shares during the last quarter. Raymond James & Associates bought a new stake in John Hancock Income Securities Trust in the fourth quarter worth about $119,000. International Assets Investment Management LLC bought a new stake in shares of John Hancock Income Securities Trust during the fourth quarter valued at approximately $172,000. Wolverine Asset Management LLC bought a new stake in shares of John Hancock Income Securities Trust during the fourth quarter valued at approximately $280,000. Finally, Riverbridge Partners LLC raised its stake in shares of John Hancock Income Securities Trust by 162.8% during the first quarter. Riverbridge Partners LLC now owns 59,769 shares of the financial services provider’s stock valued at $668,000 after acquiring an additional 37,028 shares in the last quarter.

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.