John Hancock Income Securities Trust (NYSE:JHS) Stock Short Interest Report for September

John Hancock Income Securities Trust (NYSE:JHS – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 38,045 shares, a growth of 229.7% from the September 15th total of 11,539 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 8,549 shares, the days-to-cover ratio is currently 4.5 days.

John Hancock Income Securities Trust Trading Up 0.4%

Shares of JHS traded up $0.04 during mid-day trading on Friday, reaching $10.16. 5,327 shares of the company’s stock were exchanged, compared to its average volume of 13,632. The company has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $10.92. John Hancock Income Securities Trust has a 52-week low of $10.03 and a 52-week high of $12.08.

John Hancock Income Securities Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were paid a $0.1546 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Friday, September 11th. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.1535.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP increased its position in John Hancock Income Securities Trust by 79.5% during the second quarter. Susquehanna International Group LLP now owns 18,052 shares of the financial services provider’s stock worth $199,000 after buying an additional 7,996 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of John Hancock Income Securities Trust by 3.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider’s stock worth $2,335,000 after acquiring an additional 7,715 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of John Hancock Income Securities Trust in the first quarter worth $27,000. Petra Financial Advisors Inc. lifted its position in shares of John Hancock Income Securities Trust by 34.2% in the first quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 6,532 shares in the last quarter. Finally, Riverbridge Partners LLC lifted its position in shares of John Hancock Income Securities Trust by 4.0% in the first quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock valued at $2,197,000 after acquiring an additional 7,788 shares in the last quarter.

John Hancock Income Securities Trust Company Profile

(Get Free Report)

John Hancock Income Securities Trust (NYSE: JHS) is a closed-end investment company that seeks to provide shareholders with a high level of current income, with capital appreciation as a secondary objective. The trust is part of the John Hancock family of investment products and is managed by John Hancock Investment Management, an asset-management business of Manulife Investment Management.

The trust invests primarily in income-producing debt securities. Its portfolio may include corporate bonds, government and agency obligations, mortgage-related securities, and other fixed-income instruments, including securities rated below investment grade.

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