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

John Hancock Income Securities Trust (NYSE:JHS) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 8,300 shares, a decrease of 34.6% from the October 31st total of 12,700 shares. Based on an average daily trading volume, of 18,400 shares, the short-interest ratio is currently 0.5 days.

John Hancock Income Securities Trust Stock Performance

NYSE JHS traded down $0.04 during trading hours on Friday, reaching $11.49. The company’s stock had a trading volume of 15,194 shares, compared to its average volume of 7,721. The business has a 50-day simple moving average of $11.55 and a 200 day simple moving average of $11.36. John Hancock Income Securities Trust has a 52 week low of $10.39 and a 52 week high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.1132 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.94%.

Institutional Trading of John Hancock Income Securities Trust

Large investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in John Hancock Income Securities Trust by 66.7% in the 1st quarter. Comerica Bank now owns 2,500 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in John Hancock Income Securities Trust by 5.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 146,870 shares of the financial services provider’s stock worth $1,601,000 after purchasing an additional 7,584 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in John Hancock Income Securities Trust by 5.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,552,171 shares of the financial services provider’s stock worth $16,919,000 after purchasing an additional 85,082 shares during the period. Rothschild Investment LLC acquired a new position in John Hancock Income Securities Trust in the 2nd quarter worth approximately $1,388,000. Finally, Wolverine Asset Management LLC acquired a new position in John Hancock Income Securities Trust in the 2nd quarter worth approximately $48,000.

John Hancock Income Securities Trust Company Profile

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.