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

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 9,672 shares, a growth of 127.7% from the April 30th total of 4,248 shares. Based on an average trading volume of 24,530 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new position in John Hancock Income Securities Trust during the 1st quarter worth $27,000. Prestige Wealth Management Group LLC purchased a new position in John Hancock Income Securities Trust during the 3rd quarter worth $42,000. Petra Financial Advisors Inc. grew its position in John Hancock Income Securities Trust by 34.2% during the 1st quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 6,532 shares during the last quarter. Riverbridge Partners LLC boosted its holdings in shares of John Hancock Income Securities Trust by 4.0% in the first quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock valued at $2,197,000 after acquiring an additional 7,788 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of John Hancock Income Securities Trust by 16.1% in the third quarter. Fiera Capital Corp now owns 78,037 shares of the financial services provider’s stock valued at $911,000 after acquiring an additional 10,836 shares in the last quarter.

John Hancock Income Securities Trust Trading Down 0.4%

John Hancock Income Securities Trust stock traded down $0.05 during midday trading on Monday, hitting $11.10. 27,863 shares of the company’s stock were exchanged, compared to its average volume of 15,943. John Hancock Income Securities Trust has a 12-month low of $10.74 and a 12-month high of $12.09. The firm’s 50 day simple moving average is $11.08 and its 200 day simple moving average is $11.42.

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.