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

John Hancock Income Securities Trust (NYSE:JHS) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 2,500 shares, an increase of 66.7% from the December 15th total of 1,500 shares. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in shares of John Hancock Income Securities Trust by 0.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,563,643 shares of the financial services provider’s stock worth $18,177,000 after buying an additional 11,472 shares in the last quarter. International Assets Investment Management LLC lifted its stake in John Hancock Income Securities Trust by 1,062.5% in the third quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 11,688 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased 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 last quarter. Petra Financial Advisors Inc. purchased a new stake in shares of John Hancock Income Securities Trust in the 3rd quarter valued at approximately $129,000. Finally, Shaker Financial Services LLC raised its holdings in shares of John Hancock Income Securities Trust by 33.0% in the 3rd quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 14,217 shares in the last quarter.

John Hancock Income Securities Trust Stock Performance

JHS stock traded up $0.05 during midday trading on Friday, hitting $11.22. The company’s stock had a trading volume of 1,310 shares, compared to its average volume of 7,483. John Hancock Income Securities Trust has a 52-week low of $10.68 and a 52-week high of $11.87. The firm has a 50-day simple moving average of $11.37 and a 200-day simple moving average of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The business also recently announced 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 of this dividend was Thursday, December 12th. This represents a $0.81 annualized dividend and a yield of 7.19%.

About John Hancock Income Securities Trust

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.