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

John Hancock Income Securities Trust (NYSE:JHS) was the target of a significant growth in short interest in 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.

John Hancock Income Securities Trust Stock Performance

Shares of NYSE JHS traded down $0.07 during midday trading on Wednesday, reaching $11.38. The stock had a trading volume of 11,802 shares, 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 of $11.22 and a 200-day moving average of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued 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 yield of 4.63%.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Large investors have recently made changes to their positions in the business. 1607 Capital Partners LLC lifted its holdings in John Hancock Income Securities Trust by 43.8% in the 4th quarter. 1607 Capital Partners LLC now owns 1,112,680 shares of the financial services provider’s stock worth $12,456,000 after purchasing an additional 339,177 shares in the last quarter. Sit Investment Associates Inc. increased its position in John Hancock Income Securities Trust by 5.4% in the fourth 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 last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of John Hancock Income Securities Trust by 11.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 194,969 shares of the financial services provider’s stock worth $2,183,000 after buying an additional 19,675 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of John Hancock Income Securities Trust during the 4th quarter valued at about $217,000. Finally, Shaker Financial Services LLC lifted its holdings in shares of John Hancock Income Securities Trust by 33.0% in the 3rd quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock valued at $666,000 after acquiring an additional 14,217 shares during the last quarter.

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.