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

John Hancock Income Securities Trust (NYSE:JHS) saw a significant growth in short interest in the month of 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 short-interest ratio is presently 0.6 days.

John Hancock Income Securities Trust Stock Down 0.1 %

John Hancock Income Securities Trust stock traded down $0.01 during mid-day trading on Wednesday, hitting $11.39. The company’s stock had a trading volume of 6,448 shares, compared to its average volume of 23,092. John Hancock Income Securities Trust has a 52-week low of $10.25 and a 52-week high of $11.87. The firm’s 50 day moving average is $11.59 and its 200 day moving average is $11.35.

John Hancock Income Securities Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.1132 dividend. This represents a $0.45 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Friday, September 13th.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of John Hancock Income Securities Trust by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,563,643 shares of the financial services provider’s stock valued at $18,177,000 after acquiring an additional 11,472 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of John Hancock Income Securities Trust by 19.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 175,294 shares of the financial services provider’s stock valued at $2,038,000 after purchasing an additional 28,424 shares during the period. Karpus Management Inc. lifted its stake in shares of John Hancock Income Securities Trust by 149.6% in the first quarter. Karpus Management Inc. now owns 175,090 shares of the financial services provider’s stock worth $1,958,000 after buying an additional 104,929 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of John Hancock Income Securities Trust in the second quarter worth $1,388,000. Finally, Fiera Capital Corp boosted its holdings in shares of John Hancock Income Securities Trust by 2.7% during the 3rd quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock worth $814,000 after buying an additional 1,836 shares during the period.

About John Hancock Income Securities Trust

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.