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

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 4,709 shares, a growth of 34.4% from the February 26th total of 3,505 shares. Based on an average daily trading volume, of 29,350 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

John Hancock Income Securities Trust Price Performance

Shares of NYSE JHS traded up $0.08 during mid-day trading on Monday, hitting $10.83. The company had a trading volume of 17,442 shares, compared to its average volume of 23,966. The firm has a 50-day simple moving average of $11.46 and a two-hundred day simple moving average of $11.59. John Hancock Income Securities Trust has a one year low of $10.62 and a one year high of $12.09.

John Hancock Income Securities Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be given a dividend of $0.1377 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.55 annualized dividend and a dividend yield of 5.1%.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several large investors have recently made changes to their positions in the stock. Prestige Wealth Management Group LLC acquired a new position in John Hancock Income Securities Trust during the third quarter worth $42,000. Petra Financial Advisors Inc. grew its position in shares of John Hancock Income Securities Trust by 72.1% in the 4th quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 8,010 shares during the period. Brick & Kyle Associates bought a new position in shares of John Hancock Income Securities Trust in the 2nd quarter valued at about $238,000. Cary Street Partners Financial LLC acquired a new position in shares of John Hancock Income Securities Trust during the 2nd quarter worth about $377,000. 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.

About John Hancock Income Securities Trust

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.