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

John Hancock Income Securities Trust (NYSE:JHS) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 5,400 shares, an increase of 38.5% from the January 31st total of 3,900 shares. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On John Hancock Income Securities Trust

A number of hedge funds have recently bought and sold shares of the company. Riverbridge Partners LLC grew its stake in John Hancock Income Securities Trust by 1.8% in the fourth quarter. Riverbridge Partners LLC now owns 82,808 shares of the financial services provider’s stock worth $927,000 after purchasing an additional 1,468 shares in the last quarter. Fiera Capital Corp grew its stake in John Hancock Income Securities Trust by 2.7% in the third quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock worth $814,000 after purchasing an additional 1,836 shares in the last quarter. LPL Financial LLC grew its stake in John Hancock Income Securities Trust by 5.6% in the fourth quarter. LPL Financial LLC now owns 35,139 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 1,867 shares in the last quarter. Huntington National Bank grew its stake in John Hancock Income Securities Trust by 135.2% in the third quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 3,144 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in John Hancock Income Securities Trust by 18.8% in the fourth quarter. Stifel Financial Corp now owns 26,290 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 4,160 shares in the last quarter.

John Hancock Income Securities Trust Stock Performance

NYSE:JHS traded up $0.01 on Tuesday, reaching $11.44. The stock had a trading volume of 58,101 shares, compared to its average volume of 16,002. John Hancock Income Securities Trust has a 12-month low of $10.68 and a 12-month high of $11.87. The company has a 50-day moving average of $11.22 and a 200 day moving average of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.53 dividend on an annualized basis and a yield of 4.61%.

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.