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

John Hancock Income Securities Trust (NYSE:JHS) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,605 shares, a decline of 73.1% from the May 14th total of 9,672 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 6,640 shares, the short-interest ratio is currently 0.4 days.

John Hancock Income Securities Trust Price Performance

NYSE:JHS traded down $0.12 during trading hours on Thursday, hitting $10.96. 3,906 shares of the company traded hands, compared to its average volume of 15,432. The firm’s 50-day simple moving average is $11.11 and its 200-day simple moving average is $11.39. John Hancock Income Securities Trust has a one year low of $10.74 and a one year high of $12.09.

John Hancock Income Securities Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a dividend of $0.1535 per share. The ex-dividend date of this dividend is Thursday, June 11th. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.6%.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several large investors have recently made changes to their positions in JHS. 1607 Capital Partners LLC boosted its holdings in shares of John Hancock Income Securities Trust by 2.3% in the 3rd quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider’s stock worth $15,110,000 after buying an additional 28,770 shares during the last quarter. Riverbridge Partners LLC raised its position in John Hancock Income Securities Trust by 4.0% in 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 stake in John Hancock Income Securities Trust by 60.1% in the fourth quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock valued at $1,540,000 after acquiring an additional 49,377 shares during the last quarter. Fiera Capital Corp grew its position in shares of John Hancock Income Securities Trust by 35.7% during the 4th quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock valued at $1,240,000 after acquiring an additional 27,841 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of John Hancock Income Securities Trust by 23.9% during the 2nd quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock worth $678,000 after purchasing an additional 11,587 shares during the last quarter.

John Hancock Income Securities Trust Company Profile

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.