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

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 3,900 shares, an increase 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.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Hedge funds have recently modified their holdings of the company. Sit Investment Associates Inc. increased its stake in shares of John Hancock Income Securities Trust by 5.4% in the 4th quarter. Sit Investment Associates Inc. now owns 2,833,028 shares of the financial services provider’s stock valued at $31,716,000 after purchasing an additional 145,059 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in John Hancock Income Securities Trust by 0.7% in 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 period. 1607 Capital Partners LLC increased its position in shares of John Hancock Income Securities Trust by 43.8% in 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 buying an additional 339,177 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of John Hancock Income Securities Trust by 11.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 194,969 shares of the financial services provider’s stock worth $2,183,000 after buying an additional 19,675 shares during the period. Finally, Riverbridge Partners LLC raised its stake in shares of John Hancock Income Securities Trust by 1.8% during the 4th quarter. Riverbridge Partners LLC now owns 82,808 shares of the financial services provider’s stock worth $927,000 after buying an additional 1,468 shares during the period.

John Hancock Income Securities Trust Trading Up 0.5 %

JHS opened at $11.25 on Friday. The firm has a fifty day moving average price of $11.25 and a 200 day moving average price of $11.44. John Hancock Income Securities Trust has a 1 year low of $10.68 and a 1 year high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were given a $0.2017 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.17%.

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.