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

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large growth in short interest during the month of 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 days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On John Hancock Income Securities Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank increased its stake in shares of John Hancock Income Securities Trust by 135.2% in the 3rd quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 3,144 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings 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 valued at $18,177,000 after purchasing an additional 11,472 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of John Hancock Income Securities Trust by 2.7% during the third quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 1,836 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of John Hancock Income Securities Trust by 1,062.5% in the 3rd quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock worth $149,000 after buying an additional 11,688 shares during the last quarter. Finally, Shaker Financial Services LLC increased 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 valued at $666,000 after buying an additional 14,217 shares in the last quarter.

John Hancock Income Securities Trust Stock Up 0.4 %

Shares of NYSE:JHS traded up $0.04 on Thursday, reaching $11.19. 9,228 shares of the company traded hands, compared to its average volume of 12,770. The business’s 50-day simple moving average is $11.26 and its 200 day simple moving average is $11.44. John Hancock Income Securities Trust has a 52 week low of $10.68 and a 52 week high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were given a dividend of $0.2017 per share. This represents a $0.81 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date was Thursday, December 12th.

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.