Short Interest in John Hancock Income Securities Trust (NYSE:JHS) Expands By 350.0%

John Hancock Income Securities Trust (NYSE:JHS) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 27,000 shares, a growth of 350.0% from the February 29th total of 6,000 shares. Based on an average trading volume of 32,400 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 worth $13,552,000 after acquiring an additional 181,973 shares during the last quarter. Invesco Ltd. raised its holdings in John Hancock Income Securities Trust by 494.7% during the 1st quarter. Invesco Ltd. now owns 171,208 shares of the financial services provider’s stock worth $2,337,000 after purchasing an additional 142,417 shares during the last quarter. Baird Financial Group Inc. bought a new position in John Hancock Income Securities Trust during the 4th quarter worth approximately $419,000. Logan Stone Capital LLC bought a new position in John Hancock Income Securities Trust during the 4th quarter worth approximately $292,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of John Hancock Income Securities Trust during the 4th quarter worth approximately $280,000.

John Hancock Income Securities Trust Stock Performance

Shares of JHS stock opened at $11.15 on Thursday. John Hancock Income Securities Trust has a 52 week low of $9.76 and a 52 week high of $11.25. The company’s 50 day moving average price is $10.94 and its two-hundred day moving average price is $10.62.

John Hancock Income Securities Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Monday, March 11th will be issued a dividend of $0.1095 per share. The ex-dividend date is Friday, March 8th. This represents a $0.44 dividend on an annualized basis and a yield of 3.93%.

John Hancock Income Securities Trust Company Profile

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.