Short Interest in John Hancock Income Securities Trust (NYSE:JHS) Expands By 111.7%

John Hancock Income Securities Trust (NYSE:JHS) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 12,700 shares, a growth of 111.7% from the October 15th total of 6,000 shares. Based on an average daily volume of 19,700 shares, the days-to-cover ratio is currently 0.6 days.

John Hancock Income Securities Trust Trading Down 0.1 %

Shares of JHS stock traded down $0.01 during mid-day trading on Wednesday, reaching $11.39. The company’s stock had a trading volume of 6,448 shares, compared to its average volume of 23,092. The firm’s 50-day moving average is $11.59 and its two-hundred day moving average is $11.35. John Hancock Income Securities Trust has a 1-year low of $10.25 and a 1-year high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.1132 per share. This represents a $0.45 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Friday, September 13th.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in John Hancock Income Securities Trust by 5.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,552,171 shares of the financial services provider’s stock valued at $16,919,000 after buying an additional 85,082 shares in the last quarter. Comerica Bank boosted its holdings in shares of John Hancock Income Securities Trust by 66.7% in the 1st quarter. Comerica Bank now owns 2,500 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Shaker Financial Services LLC grew its position in John Hancock Income Securities Trust by 66.4% during the 2nd quarter. Shaker Financial Services LLC now owns 43,113 shares of the financial services provider’s stock worth $470,000 after acquiring an additional 17,196 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in John Hancock Income Securities Trust during the 2nd quarter valued at $48,000. Finally, Fiera Capital Corp raised its position in John Hancock Income Securities Trust by 2.7% in the 3rd quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 1,836 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.