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

John Hancock Income Securities Trust (NYSE:JHS) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,672 shares, an increase of 127.7% from the April 30th total of 4,248 shares. Based on an average trading volume of 24,530 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

John Hancock Income Securities Trust Trading Down 0.0%

Shares of JHS stock traded down $0.00 during trading on Friday, hitting $11.14. The company had a trading volume of 17,540 shares, compared to its average volume of 15,602. The stock’s 50-day moving average price is $11.08 and its 200 day moving average price is $11.42. 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 Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were paid a $0.1377 dividend. This represents a $0.55 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Thursday, March 12th.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in shares of John Hancock Income Securities Trust in the first quarter valued at approximately $27,000. Prestige Wealth Management Group LLC bought a new stake in shares of John Hancock Income Securities Trust in the third quarter valued at approximately $42,000. Petra Financial Advisors Inc. boosted its stake in shares of John Hancock Income Securities Trust by 34.2% in the first quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock valued at $281,000 after buying an additional 6,532 shares during the period. Riverbridge Partners LLC boosted its stake in shares of 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 valued at $2,197,000 after buying an additional 7,788 shares during the period. Finally, Fiera Capital Corp boosted its stake in shares of John Hancock Income Securities Trust by 16.1% in the third quarter. Fiera Capital Corp now owns 78,037 shares of the financial services provider’s stock valued at $911,000 after buying an additional 10,836 shares during the period.

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.