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

John Hancock Income Securities Trust (NYSE:JHS) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,500 shares, an increase of 66.7% from the December 15th total of 1,500 shares. Based on an average trading volume of 13,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its position in John Hancock Income Securities Trust by 135.2% during the 3rd 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. Allspring Global Investments Holdings LLC grew its stake in shares of John Hancock Income Securities Trust by 0.7% in the third 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 buying an additional 11,472 shares in the last quarter. Fiera Capital Corp raised 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 valued at $814,000 after buying an additional 1,836 shares during the period. International Assets Investment Management LLC raised its holdings in shares of John Hancock Income Securities Trust by 1,062.5% during the 3rd quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock valued at $149,000 after buying an additional 11,688 shares during the period. Finally, Shaker Financial Services LLC lifted its position in John Hancock Income Securities Trust by 33.0% during the 3rd quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 14,217 shares in the last quarter.

John Hancock Income Securities Trust Trading Up 0.6 %

Shares of John Hancock Income Securities Trust stock traded up $0.07 during trading hours on Friday, reaching $11.24. 1,726 shares of the company’s stock were exchanged, compared to its average volume of 7,539. John Hancock Income Securities Trust has a 52-week low of $10.68 and a 52-week high of $11.87. The company has a fifty day moving average of $11.37 and a 200-day moving average of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were issued a dividend of $0.2017 per share. 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 7.18%.

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.