John Hancock Income Securities Trust (NYSE:JHS) Short Interest Update

John Hancock Income Securities Trust (NYSE:JHS) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 15,039 shares, an increase of 237.0% from the December 31st total of 4,463 shares. Based on an average daily trading volume, of 9,022 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 9,022 shares, the days-to-cover ratio is presently 1.7 days.

John Hancock Income Securities Trust Trading Up 0.5%

Shares of NYSE JHS traded up $0.06 during mid-day trading on Thursday, reaching $11.80. The company had a trading volume of 6,900 shares, compared to its average volume of 7,921. John Hancock Income Securities Trust has a twelve month low of $10.62 and a twelve month high of $12.09. The stock’s 50 day moving average is $11.66 and its 200-day moving average is $11.60.

John Hancock Income Securities Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were paid a $0.1831 dividend. This represents a $0.73 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Thursday, December 11th. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14.

Institutional Trading of John Hancock Income Securities Trust

Several large investors have recently made changes to their positions in JHS. Riverbridge Partners LLC raised its stake in shares of John Hancock Income Securities Trust by 158.3% in the 4th quarter. Riverbridge Partners LLC now owns 193,055 shares of the financial services provider’s stock valued at $2,261,000 after acquiring an additional 118,311 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in John Hancock Income Securities Trust during the second quarter valued at approximately $377,000. 1607 Capital Partners LLC raised its position in shares of John Hancock Income Securities Trust by 2.3% in the third quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider’s stock valued at $15,110,000 after purchasing an additional 28,770 shares during the period. Brick & Kyle Associates acquired a new stake in shares of John Hancock Income Securities Trust in the second quarter worth $238,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of John Hancock Income Securities Trust by 1.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,489,005 shares of the financial services provider’s stock worth $17,384,000 after buying an additional 16,747 shares during the last quarter.

About John Hancock Income Securities Trust

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.