John Hancock Income Securities Trust (NYSE:JHS) Sees Significant Growth in Short Interest

John Hancock Income Securities Trust (NYSE:JHS) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 3,900 shares, a growth of 116.7% from the January 15th total of 1,800 shares. Based on an average trading volume of 11,500 shares, the short-interest ratio is presently 0.3 days.

John Hancock Income Securities Trust Stock Performance

Shares of John Hancock Income Securities Trust stock traded up $0.04 on Thursday, hitting $11.19. The company had a trading volume of 9,228 shares, compared to its average volume of 12,770. John Hancock Income Securities Trust has a 1 year low of $10.68 and a 1 year high of $11.87. The stock has a 50 day moving average of $11.26 and a 200-day moving average of $11.44.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a $0.2017 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.21%.

Institutional Trading of John Hancock Income Securities Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank boosted its position in John Hancock Income Securities Trust by 135.2% during 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. Petra Financial Advisors Inc. purchased a new stake in shares of John Hancock Income Securities Trust during the third quarter worth $129,000. International Assets Investment Management LLC boosted its holdings in shares of John Hancock Income Securities Trust by 1,062.5% in the third quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 11,688 shares during the period. StoneX Group Inc. purchased a new position in shares of John Hancock Income Securities Trust in the fourth quarter valued at $152,000. Finally, Raymond James Financial Inc. bought a new stake in shares of John Hancock Income Securities Trust during the 4th quarter valued at $217,000.

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.