John Hancock Income Securities Trust (NYSE:JHS) Short Interest Down 73.1% in May

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 2,605 shares, a drop of 73.1% from the May 14th total of 9,672 shares. Based on an average daily trading volume, of 6,640 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

John Hancock Income Securities Trust Stock Performance

John Hancock Income Securities Trust stock traded down $0.07 during trading on Friday, reaching $10.88. 70,749 shares of the company were exchanged, compared to its average volume of 8,951. John Hancock Income Securities Trust has a 52-week low of $10.74 and a 52-week high of $12.09. The stock’s 50 day simple moving average is $11.11 and its two-hundred day simple moving average is $11.38.

John Hancock Income Securities Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a dividend of $0.1535 per share. The ex-dividend date is Thursday, June 11th. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a yield of 5.6%.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in John Hancock Income Securities Trust during the first quarter worth approximately $27,000. Prestige Wealth Management Group LLC purchased a new stake in John Hancock Income Securities Trust in the third quarter valued at $42,000. Petra Financial Advisors Inc. raised its position in John Hancock Income Securities Trust by 72.1% in the fourth quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 8,010 shares during the period. Cary Street Partners Financial LLC raised its position in John Hancock Income Securities Trust by 42.7% in the third quarter. Cary Street Partners Financial LLC now owns 47,622 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 14,239 shares during the period. Finally, Baird Financial Group Inc. raised its position in John Hancock Income Securities Trust by 23.9% in the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 11,587 shares during the period.

John Hancock Income Securities Trust Company Profile

John Hancock Income Securities Trust (NYSE: JHS) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income while preserving capital. Trading on the New York Stock Exchange since its launch in the late 1970s, the trust offers investors access to a broad portfolio of fixed-income securities under a professional management structure.

The fund’s primary investment activities include purchasing U.S. government and agency obligations, investment-grade corporate debt, mortgage- and asset-backed securities, preferred stocks, and selected foreign debt instruments.