John Hancock Income Securities Trust (NYSE:JHS) Short Interest Down 34.6% in November

John Hancock Income Securities Trust (NYSE:JHS) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 8,300 shares, a decline of 34.6% from the October 31st total of 12,700 shares. Based on an average trading volume of 18,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of John Hancock Income Securities Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its position in shares of John Hancock Income Securities Trust by 66.7% in the first quarter. Comerica Bank now owns 2,500 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in John Hancock Income Securities Trust during the second quarter worth approximately $48,000. Huntington National Bank boosted its holdings in shares of John Hancock Income Securities Trust by 135.2% in the 3rd quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 3,144 shares during the last quarter. Petra Financial Advisors Inc. purchased a new stake in shares of John Hancock Income Securities Trust during the 3rd quarter valued at $129,000. Finally, International Assets Investment Management LLC increased its holdings in shares of John Hancock Income Securities Trust by 1,062.5% during the 3rd quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock worth $149,000 after buying an additional 11,688 shares during the last quarter.

John Hancock Income Securities Trust Stock Performance

JHS stock opened at $11.53 on Friday. John Hancock Income Securities Trust has a 52-week low of $10.39 and a 52-week high of $11.87. The stock’s fifty day simple moving average is $11.55 and its 200-day simple moving average is $11.37.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.1132 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Friday, September 13th.

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.