John Hancock Income Securities Trust (NYSE:JHS) Sees Large Drop in Short Interest

John Hancock Income Securities Trust (NYSE:JHS) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 24,200 shares, a decrease of 10.4% from the March 15th total of 27,000 shares. Based on an average trading volume of 32,300 shares, the short-interest ratio is currently 0.7 days.

John Hancock Income Securities Trust Price Performance

NYSE:JHS traded up $0.02 on Wednesday, hitting $10.74. The company’s stock had a trading volume of 17,120 shares, compared to its average volume of 17,850. The stock has a fifty day moving average of $10.92 and a two-hundred day moving average of $10.66. John Hancock Income Securities Trust has a one year low of $9.76 and a one year high of $11.25.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were paid a $0.1095 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.44 annualized dividend and a yield of 4.08%.

Institutional Trading of John Hancock Income Securities Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in John Hancock Income Securities Trust by 17.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,553 shares of the financial services provider’s stock valued at $13,552,000 after buying an additional 181,973 shares during the period. 1607 Capital Partners LLC raised its stake in John Hancock Income Securities Trust by 2.5% in the fourth quarter. 1607 Capital Partners LLC now owns 944,758 shares of the financial services provider’s stock valued at $10,279,000 after buying an additional 23,200 shares during the period. Invesco Ltd. raised its stake in John Hancock Income Securities Trust by 494.7% in the first quarter. Invesco Ltd. now owns 171,208 shares of the financial services provider’s stock valued at $2,337,000 after buying an additional 142,417 shares during the period. UBS Group AG raised its stake in John Hancock Income Securities Trust by 20.1% in the fourth quarter. UBS Group AG now owns 126,609 shares of the financial services provider’s stock valued at $1,348,000 after buying an additional 21,210 shares during the period. Finally, Morgan Stanley raised its stake in John Hancock Income Securities Trust by 2.9% in the fourth quarter. Morgan Stanley now owns 113,880 shares of the financial services provider’s stock valued at $1,213,000 after buying an additional 3,247 shares during the period.

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.