John Hancock Income Securities Trust (NYSE:JHS) Short Interest Down 29.4% in April

John Hancock Income Securities Trust (NYSE:JHSGet Rating) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totalling 13,700 shares, a drop of 29.4% from the April 15th total of 19,400 shares. Based on an average daily volume of 35,300 shares, the short-interest ratio is currently 0.4 days.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fiera Capital Corp boosted its position in John Hancock Income Securities Trust by 2.8% in the 4th quarter. Fiera Capital Corp now owns 38,370 shares of the financial services provider’s stock valued at $591,000 after buying an additional 1,063 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in John Hancock Income Securities Trust by 3.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 37,182 shares of the financial services provider’s stock valued at $507,000 after buying an additional 1,264 shares during the last quarter. Bank of America Corp DE boosted its position in John Hancock Income Securities Trust by 7.6% in the 2nd quarter. Bank of America Corp DE now owns 20,479 shares of the financial services provider’s stock valued at $327,000 after buying an additional 1,438 shares during the last quarter. Allegheny Financial Group LTD bought a new position in John Hancock Income Securities Trust in the 4th quarter valued at $25,000. Finally, Guggenheim Capital LLC boosted its position in John Hancock Income Securities Trust by 2.3% in the 3rd quarter. Guggenheim Capital LLC now owns 89,169 shares of the financial services provider’s stock valued at $1,415,000 after buying an additional 2,012 shares during the last quarter. Hedge funds and other institutional investors own 41.38% of the company’s stock.

JHS stock traded up $0.03 during midday trading on Tuesday, reaching $12.29. 19,506 shares of the company’s stock traded hands, compared to its average volume of 17,565. The company has a 50-day simple moving average of $12.98 and a two-hundred day simple moving average of $14.13. John Hancock Income Securities Trust has a 1-year low of $12.10 and a 1-year high of $17.59.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 11th were given a $0.178 dividend. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.71 dividend on an annualized basis and a yield of 5.79%.

John Hancock Income Securities Trust Company Profile (Get Rating)

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.

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