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

John Hancock Income Securities Trust (NYSE:JHS) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 5,539 shares, a growth of 80.0% from the June 15th total of 3,078 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 15,001 shares, the days-to-cover ratio is presently 0.4 days.

John Hancock Income Securities Trust Trading Down 0.2%

Shares of NYSE:JHS traded down $0.02 during midday trading on Friday, hitting $10.98. 17,054 shares of the stock were exchanged, compared to its average volume of 8,889. John Hancock Income Securities Trust has a twelve month low of $10.74 and a twelve month high of $12.09. The company has a 50 day moving average price of $11.02 and a 200-day moving average price of $11.28.

John Hancock Income Securities Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were given a $0.1535 dividend. This represents a $0.61 annualized dividend and a yield of 5.6%. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, June 11th.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Several large investors have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of John Hancock Income Securities Trust by 3.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider’s stock worth $2,335,000 after acquiring an additional 7,715 shares during the period. Riverbridge Partners LLC raised its holdings in John Hancock Income Securities Trust by 4.0% during the 1st quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock worth $2,197,000 after buying an additional 7,788 shares during the period. Guggenheim Capital LLC lifted its position in shares of John Hancock Income Securities Trust by 60.1% in the 4th quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock valued at $1,540,000 after acquiring an additional 49,377 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of John Hancock Income Securities Trust by 35.7% in the fourth quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock valued at $1,240,000 after purchasing an additional 27,841 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of John Hancock Income Securities Trust by 23.9% in the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock worth $678,000 after buying an additional 11,587 shares during the period.

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.