John Hancock Income Securities Trust (NYSE:JHS) Sees Significant Increase in Short Interest

John Hancock Income Securities Trust (NYSE:JHS) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 2,500 shares, an increase of 66.7% from the December 15th total of 1,500 shares. Based on an average daily trading volume, of 13,100 shares, the short-interest ratio is currently 0.2 days.

John Hancock Income Securities Trust Stock Up 0.4 %

Shares of NYSE JHS traded up $0.05 during midday trading on Friday, reaching $11.22. 1,310 shares of the stock were exchanged, compared to its average volume of 7,483. John Hancock Income Securities Trust has a twelve month low of $10.68 and a twelve month high of $11.87. The company has a 50 day simple moving average of $11.37 and a 200 day simple moving average of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently announced 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 of this dividend was Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a yield of 7.19%.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position 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 buying an additional 11,472 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of John Hancock Income Securities Trust by 1,062.5% in the third quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock valued at $149,000 after buying an additional 11,688 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised 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 valued at $2,038,000 after buying an additional 28,424 shares during the period. Petra Financial Advisors Inc. purchased a new position in John Hancock Income Securities Trust during the 3rd quarter valued at about $129,000. Finally, Shaker Financial Services LLC grew its position in 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 valued at $666,000 after acquiring an additional 14,217 shares in the last quarter.

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.