Short Interest in John Hancock Income Securities Trust (NYSE:JHS) Decreases By 61.4%

John Hancock Income Securities Trust (NYSE:JHS) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 4,154 shares, a decrease of 61.4% from the November 30th total of 10,764 shares. Based on an average daily trading volume, of 31,218 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 31,218 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in John Hancock Income Securities Trust by 1.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,489,005 shares of the financial services provider’s stock valued at $17,384,000 after acquiring an additional 16,747 shares during the last quarter. 1607 Capital Partners LLC lifted its position in John Hancock Income Securities Trust by 2.3% during the third quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider’s stock worth $15,110,000 after buying an additional 28,770 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in John Hancock Income Securities Trust by 7.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 186,299 shares of the financial services provider’s stock worth $2,175,000 after buying an additional 12,407 shares during the last quarter. Riverbridge Partners LLC grew its holdings in John Hancock Income Securities Trust by 3.2% in the 2nd quarter. Riverbridge Partners LLC now owns 96,001 shares of the financial services provider’s stock valued at $1,083,000 after buying an additional 2,954 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in John Hancock Income Securities Trust by 16.1% in the 3rd 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 in the last quarter.

John Hancock Income Securities Trust Stock Up 0.1%

John Hancock Income Securities Trust stock traded up $0.02 during trading hours on Friday, hitting $11.54. 52,557 shares of the stock traded hands, compared to its average volume of 35,538. John Hancock Income Securities Trust has a 1 year low of $10.62 and a 1 year high of $12.09. The firm’s 50 day moving average price is $11.60 and its 200-day moving average price is $11.52.

John Hancock Income Securities Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th will be given a dividend of $0.1831 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.73 annualized dividend and a yield of 6.3%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14.

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.