John Hancock Income Securities Trust (NYSE:JHS) Sees Large Growth in Short Interest

John Hancock Income Securities Trust (NYSE:JHS) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,400 shares, a growth of 38.5% from the January 31st total of 3,900 shares. Based on an average daily volume of 13,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of John Hancock Income Securities Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Stifel Financial Corp raised its position in John Hancock Income Securities Trust by 18.8% in the 4th quarter. Stifel Financial Corp now owns 26,290 shares of the financial services provider’s stock worth $294,000 after buying an additional 4,160 shares during the last quarter. 1607 Capital Partners LLC lifted its position in John Hancock Income Securities Trust by 43.8% during the fourth quarter. 1607 Capital Partners LLC now owns 1,112,680 shares of the financial services provider’s stock valued at $12,456,000 after purchasing an additional 339,177 shares during the period. Raymond James Financial Inc. purchased a new stake in John Hancock Income Securities Trust in the fourth quarter worth approximately $217,000. Sit Investment Associates Inc. grew its position in John Hancock Income Securities Trust by 5.4% in the 4th quarter. Sit Investment Associates Inc. now owns 2,833,028 shares of the financial services provider’s stock worth $31,716,000 after purchasing an additional 145,059 shares during the period. Finally, StoneX Group Inc. purchased a new stake in John Hancock Income Securities Trust during the 4th quarter valued at $152,000.

John Hancock Income Securities Trust Price Performance

Shares of NYSE JHS traded down $0.07 during midday trading on Wednesday, hitting $11.38. 11,802 shares of the company traded hands, compared to its average volume of 15,901. John Hancock Income Securities Trust has a 12-month low of $10.68 and a 12-month high of $11.87. The stock has a 50-day moving average price of $11.22 and a 200 day moving average price of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Thursday, March 13th.

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.