John Hancock Income Securities Trust (NYSE:JHS) Short Interest Down 45.0% in April

John Hancock Income Securities Trust (NYSE:JHS) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 4,248 shares, a decrease of 45.0% from the April 15th total of 7,718 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,051 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new stake in John Hancock Income Securities Trust during the first quarter worth approximately $27,000. Prestige Wealth Management Group LLC acquired a new stake in John Hancock Income Securities Trust during the third quarter worth approximately $42,000. Petra Financial Advisors Inc. boosted its holdings in shares of John Hancock Income Securities Trust by 72.1% in the 4th quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 8,010 shares in the last quarter. Cary Street Partners Financial LLC boosted its holdings in shares of John Hancock Income Securities Trust by 42.7% in the 3rd quarter. Cary Street Partners Financial LLC now owns 47,622 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 14,239 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of John Hancock Income Securities Trust by 23.9% in the 2nd quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 11,587 shares in the last quarter.

John Hancock Income Securities Trust Trading Down 1.5%

NYSE:JHS traded down $0.16 during trading hours on Friday, reaching $11.00. 3,397 shares of the company were exchanged, compared to its average volume of 27,100. John Hancock Income Securities Trust has a 1-year low of $10.74 and a 1-year high of $12.09. The business has a 50 day moving average of $11.10 and a 200 day moving average of $11.46.

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 given a dividend of $0.1377 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.55 dividend on an annualized basis and a yield of 5.0%.

John Hancock Income Securities Trust Company Profile

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.