Short Interest in John Hancock Income Securities Trust (NYSE:JHS) Expands By 350.0%

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 27,000 shares, an increase of 350.0% from the February 29th total of 6,000 shares. Based on an average daily trading volume, of 32,400 shares, the days-to-cover ratio is currently 0.8 days.

John Hancock Income Securities Trust Price Performance

Shares of John Hancock Income Securities Trust stock opened at $11.15 on Thursday. John Hancock Income Securities Trust has a fifty-two week low of $9.76 and a fifty-two week high of $11.25. The business’s fifty day moving average is $10.94 and its two-hundred day moving average is $10.62.

John Hancock Income Securities Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.1095 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.93%.

Institutional Trading of John Hancock Income Securities Trust

A number of institutional investors and hedge funds have recently made changes to their positions in JHS. Allspring Global Investments Holdings LLC increased its holdings in John Hancock Income Securities Trust by 17.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,553 shares of the financial services provider’s stock valued at $13,552,000 after purchasing an additional 181,973 shares in the last quarter. 1607 Capital Partners LLC increased its holdings in John Hancock Income Securities Trust by 2.5% in the 4th quarter. 1607 Capital Partners LLC now owns 944,758 shares of the financial services provider’s stock valued at $10,279,000 after purchasing an additional 23,200 shares in the last quarter. Invesco Ltd. increased its holdings in John Hancock Income Securities Trust by 494.7% in the 1st quarter. Invesco Ltd. now owns 171,208 shares of the financial services provider’s stock valued at $2,337,000 after purchasing an additional 142,417 shares in the last quarter. UBS Group AG grew its stake in shares of John Hancock Income Securities Trust by 20.1% during the fourth quarter. UBS Group AG now owns 126,609 shares of the financial services provider’s stock valued at $1,348,000 after acquiring an additional 21,210 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of John Hancock Income Securities Trust by 2.9% during the fourth quarter. Morgan Stanley now owns 113,880 shares of the financial services provider’s stock valued at $1,213,000 after acquiring an additional 3,247 shares in the last quarter.

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.