Short Interest in John Hancock Income Securities Trust (NYSE:JHS) Declines By 45.0%

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

John Hancock Income Securities Trust Trading Down 0.2%

NYSE:JHS traded down $0.02 on Monday, hitting $10.99. 9,095 shares of the company’s stock were exchanged, compared to its average volume of 27,047. The firm has a 50-day moving average price of $11.09 and a 200-day moving average price of $11.45. John Hancock Income Securities Trust has a 52 week low of $10.74 and a 52 week high of $12.09.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 annualized dividend and a yield of 5.0%.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHS. Riverbridge Partners LLC lifted its position in John Hancock Income Securities Trust by 158.3% during the 4th quarter. Riverbridge Partners LLC now owns 193,055 shares of the financial services provider’s stock worth $2,261,000 after buying an additional 118,311 shares in the last quarter. Guggenheim Capital LLC lifted its position in John Hancock Income Securities Trust by 60.1% during the 4th quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock worth $1,540,000 after buying an additional 49,377 shares in the last quarter. 1607 Capital Partners LLC lifted its position in John Hancock Income Securities Trust by 2.3% during the 3rd 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. Fiera Capital Corp lifted its position in John Hancock Income Securities Trust by 35.7% during the 4th quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock worth $1,240,000 after buying an additional 27,841 shares in the last quarter. Finally, Cary Street Partners Financial LLC lifted its position in John Hancock Income Securities Trust by 42.7% during the 3rd quarter. Cary Street Partners Financial LLC now owns 47,622 shares of the financial services provider’s stock worth $556,000 after buying an additional 14,239 shares in the last quarter.

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.