John Hancock Income Securities Trust (NYSE:JHS) Short Interest Update

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 8,300 shares, a decline of 34.6% from the October 31st total of 12,700 shares. Based on an average daily trading volume, of 18,400 shares, the days-to-cover ratio is presently 0.5 days.

John Hancock Income Securities Trust Price Performance

NYSE JHS traded down $0.04 during trading hours on Friday, hitting $11.49. 15,194 shares of the company were exchanged, compared to its average volume of 7,721. The company has a 50 day moving average of $11.55 and a two-hundred day moving average of $11.36. John Hancock Income Securities Trust has a 52-week low of $10.39 and a 52-week high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.1132 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.94%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in shares of John Hancock Income Securities Trust by 0.7% in 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 purchasing an additional 11,472 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of John Hancock Income Securities Trust by 19.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 175,294 shares of the financial services provider’s stock valued at $2,038,000 after purchasing an additional 28,424 shares during the period. Rothschild Investment LLC acquired a new stake in John Hancock Income Securities Trust during the 2nd quarter worth approximately $1,388,000. Fiera Capital Corp lifted its position in John Hancock Income Securities Trust by 2.7% during the 3rd quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock worth $814,000 after acquiring an additional 1,836 shares during the period. Finally, Shaker Financial Services LLC lifted its position in John Hancock Income Securities Trust by 33.0% during the 3rd quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 14,217 shares during the period.

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.