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

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

Institutional Investors Weigh In On John Hancock Income Securities Trust

A number of institutional investors have recently made changes to their positions in the company. 1607 Capital Partners LLC boosted its holdings in shares of John Hancock Income Securities Trust by 2.3% during the third quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider’s stock worth $15,110,000 after acquiring an additional 28,770 shares during the period. Riverbridge Partners LLC boosted its holdings in shares of John Hancock Income Securities Trust by 4.0% during the first quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock worth $2,197,000 after acquiring an additional 7,788 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of John Hancock Income Securities Trust by 60.1% during the fourth quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock worth $1,540,000 after acquiring an additional 49,377 shares during the period. Fiera Capital Corp boosted its holdings in shares of John Hancock Income Securities Trust by 35.7% during the fourth quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock worth $1,240,000 after acquiring an additional 27,841 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of John Hancock Income Securities Trust by 23.9% during the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock worth $678,000 after acquiring an additional 11,587 shares during the period.

John Hancock Income Securities Trust Price Performance

NYSE JHS traded down $0.00 during trading on Friday, reaching $11.14. 17,540 shares of the company’s stock were exchanged, compared to its average volume of 15,602. The business has a 50 day moving average price of $11.08 and a 200-day moving average price of $11.42. John Hancock Income Securities Trust has a fifty-two week low of $10.74 and a fifty-two week high of $12.09.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were given a dividend of $0.1377 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Thursday, March 12th.

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.