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

John Hancock Income Securities Trust (NYSE:JHS) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 9,800 shares, a growth of 81.5% from the February 13th total of 5,400 shares. Based on an average daily volume of 15,600 shares, the short-interest ratio is currently 0.6 days.

John Hancock Income Securities Trust Stock Performance

Shares of NYSE:JHS traded up $0.01 during midday trading on Friday, reaching $11.20. The company’s stock had a trading volume of 10,145 shares, compared to its average volume of 16,619. The business’s fifty day simple moving average is $11.23 and its 200-day simple moving average is $11.42. John Hancock Income Securities Trust has a fifty-two week low of $10.68 and a fifty-two week high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JHS. Huntington National Bank increased its position in John Hancock Income Securities Trust by 135.2% in the third quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 3,144 shares during the period. StoneX Group Inc. bought a new position in John Hancock Income Securities Trust in the fourth quarter valued at approximately $152,000. Raymond James Financial Inc. acquired a new stake in John Hancock Income Securities Trust during the 4th quarter worth $217,000. Stifel Financial Corp raised its position in shares of John Hancock Income Securities Trust by 18.8% during the 4th quarter. Stifel Financial Corp now owns 26,290 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 4,160 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of John Hancock Income Securities Trust by 5.6% in the 4th quarter. LPL Financial LLC now owns 35,139 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 1,867 shares during the period.

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.