John Hancock Income Securities Trust (NYSE:JHS - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 5,800 shares, a drop of 31.8% from the April 30th total of 8,500 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 13,900 shares, the days-to-cover ratio is presently 0.4 days.
Hedge Funds Weigh In On John Hancock Income Securities Trust
A number of hedge funds have recently bought and sold shares of JHS. Raymond James Financial Inc. bought a new position in John Hancock Income Securities Trust during the fourth quarter worth about $217,000. LPL Financial LLC grew its stake in John Hancock Income Securities Trust by 5.6% during the fourth quarter. LPL Financial LLC now owns 35,139 shares of the financial services provider's stock worth $393,000 after buying an additional 1,867 shares in the last quarter. StoneX Group Inc. acquired a new stake in John Hancock Income Securities Trust during the fourth quarter worth about $152,000. Sit Investment Associates Inc. grew its stake in John Hancock Income Securities Trust by 5.4% during 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 buying an additional 145,059 shares in the last quarter. Finally, 1607 Capital Partners LLC grew its stake in John Hancock Income Securities Trust by 43.8% during 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 buying an additional 339,177 shares in the last quarter.
John Hancock Income Securities Trust Price Performance
NYSE:JHS traded down $0.03 during mid-day trading on Tuesday, reaching $11.21. 14,246 shares of the company's stock were exchanged, compared to its average volume of 16,460. John Hancock Income Securities Trust has a one year low of $10.62 and a one year high of $11.87. The business's fifty day simple moving average is $11.17 and its two-hundred day simple moving average is $11.26.
John Hancock Income Securities Trust Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 12th will be given a dividend of $0.1435 per share. This represents a $0.57 dividend on an annualized basis and a yield of 5.12%. This is a positive change from John Hancock Income Securities Trust's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th.
John Hancock Income Securities Trust Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider John Hancock Income Securities Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Income Securities Trust wasn't on the list.
While John Hancock Income Securities Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
