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
John Hancock Income Securities Trust Company Profile
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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