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

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 9,800 shares, a growth of 81.5% from the February 13th total of 5,400 shares. Based on an average daily trading volume, of 15,600 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank boosted its holdings in John Hancock Income Securities Trust by 135.2% during the third quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 3,144 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in John Hancock Income Securities Trust by 11.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 194,969 shares of the financial services provider’s stock valued at $2,183,000 after buying an additional 19,675 shares in the last quarter. Riverbridge Partners LLC grew its position 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 valued at $927,000 after acquiring an additional 1,468 shares during the period. Raymond James Financial Inc. bought a new stake in John Hancock Income Securities Trust in the fourth quarter valued at $217,000. Finally, LPL Financial LLC raised its stake in John Hancock Income Securities Trust by 5.6% during the fourth quarter. LPL Financial LLC now owns 35,139 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 1,867 shares in the last quarter.

John Hancock Income Securities Trust Trading Up 0.1 %

John Hancock Income Securities Trust stock traded up $0.01 on Friday, hitting $11.20. The company’s stock had a trading volume of 10,145 shares, compared to its average volume of 16,619. John Hancock Income Securities Trust has a one year low of $10.68 and a one year high of $11.87. The company has a fifty day moving average price of $11.23 and a 200-day moving average price of $11.42.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently announced 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 4.71%.

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.