Short Interest in John Hancock Income Securities Trust (NYSE:JHS) Increases By 116.7%

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

John Hancock Income Securities Trust Trading Up 0.5 %

JHS opened at $11.25 on Friday. The firm has a 50-day moving average price of $11.25 and a 200-day moving average price of $11.44. John Hancock Income Securities Trust has a twelve month low of $10.68 and a twelve month high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

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

Hedge Funds Weigh In On John Hancock Income Securities Trust

Several hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. grew its stake in John Hancock Income Securities Trust by 5.4% during the fourth quarter. Sit Investment Associates Inc. now owns 2,833,028 shares of the financial services provider’s stock valued at $31,716,000 after acquiring an additional 145,059 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in 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 valued at $18,177,000 after acquiring an additional 11,472 shares in the last quarter. 1607 Capital Partners LLC grew its stake in John Hancock Income Securities Trust by 43.8% during the fourth quarter. 1607 Capital Partners LLC now owns 1,112,680 shares of the financial services provider’s stock valued at $12,456,000 after acquiring an additional 339,177 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in John Hancock Income Securities Trust by 11.2% during 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 acquiring an additional 19,675 shares in the last quarter. Finally, Riverbridge Partners LLC grew its stake in John Hancock Income Securities Trust by 1.8% during the fourth quarter. Riverbridge Partners LLC now owns 82,808 shares of the financial services provider’s stock valued at $927,000 after acquiring an additional 1,468 shares in the last quarter.

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.