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

John Hancock Income Securities Trust (NYSE:JHS) was the target 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 trading volume, of 11,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On John Hancock Income Securities Trust

A number of hedge funds have recently made changes to their positions in JHS. Allspring Global Investments Holdings LLC lifted its holdings in shares of John Hancock Income Securities Trust by 0.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,563,643 shares of the financial services provider’s stock worth $18,177,000 after acquiring an additional 11,472 shares during the last quarter. International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 11,688 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of John Hancock Income Securities Trust by 19.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 175,294 shares of the financial services provider’s stock worth $2,038,000 after acquiring an additional 28,424 shares during the last quarter. Petra Financial Advisors Inc. bought a new stake in shares of John Hancock Income Securities Trust in the 3rd quarter worth approximately $129,000. Finally, Shaker Financial Services LLC lifted its holdings in shares of John Hancock Income Securities Trust by 33.0% in the 3rd quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 14,217 shares during the last quarter.

John Hancock Income Securities Trust Price Performance

JHS stock opened at $11.25 on Friday. John Hancock Income Securities Trust has a one year low of $10.68 and a one year high of $11.87. The firm has a 50 day simple moving average of $11.25 and a two-hundred day simple moving average of $11.44.

John Hancock Income Securities Trust Cuts Dividend

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