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

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,400 shares, a growth of 38.5% from the January 31st total of 3,900 shares. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sit Investment Associates Inc. increased its holdings in shares of John Hancock Income Securities Trust by 5.4% in the fourth quarter. Sit Investment Associates Inc. now owns 2,833,028 shares of the financial services provider’s stock worth $31,716,000 after purchasing an additional 145,059 shares during the period. 1607 Capital Partners LLC increased its holdings in shares of John Hancock Income Securities Trust by 43.8% in the fourth quarter. 1607 Capital Partners LLC now owns 1,112,680 shares of the financial services provider’s stock worth $12,456,000 after purchasing an additional 339,177 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of John Hancock Income Securities Trust by 11.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 194,969 shares of the financial services provider’s stock worth $2,183,000 after purchasing an additional 19,675 shares during the period. Riverbridge Partners LLC increased its holdings in shares of John Hancock Income Securities Trust by 1.8% in the fourth quarter. Riverbridge Partners LLC now owns 82,808 shares of the financial services provider’s stock worth $927,000 after purchasing an additional 1,468 shares during the period. Finally, Fiera Capital Corp increased its holdings in shares of John Hancock Income Securities Trust by 2.7% in the third quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock worth $814,000 after purchasing an additional 1,836 shares during the period.

John Hancock Income Securities Trust Trading Up 0.1 %

Shares of NYSE:JHS traded up $0.01 during mid-day trading on Tuesday, reaching $11.44. The company had a trading volume of 58,101 shares, compared to its average volume of 16,002. The company’s 50-day moving average price is $11.22 and its 200-day moving average price is $11.43. John Hancock Income Securities Trust has a one year low of $10.68 and a one year high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.1318 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.53 dividend on an annualized basis and a yield of 4.61%.

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.