John Hancock Income Securities Trust (NYSE:JHS) Short Interest Up 139.7% in September

Key Points

• John Hancock Income Securities Trust experienced a significant increase in short interest, jumping 139.7% in September, with total short interest reaching 18,700 shares by the end of the month.
• Hedge funds have been actively adjusting their positions in the trust, with 1607 Capital Partners LLC increasing its stake by 14.1% and other institutions also acquiring or enhancing their holdings.
• The trust has declared a quarterly dividend of $0.1421 per share, representing an annualized dividend yield of 4.8%.

John Hancock Income Securities Trust (NYSE:JHS - ) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 18,700 shares, an increase of 139.7% from the September 15th total of 7,800 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On John Hancock Income Securities Trust

A number of institutional investors have recently modified their holdings of the company. 1607 Capital Partners LLC increased its position in John Hancock Income Securities Trust by 14.1% during the first quarter. 1607 Capital Partners LLC now owns 1,269,180 shares of the financial services provider's stock worth $14,393,000 after acquiring an additional 156,500 shares during the period. Sit Investment Associates Inc. increased its position in John Hancock Income Securities Trust by 4.4% during the first quarter. Sit Investment Associates Inc. now owns 2,958,494 shares of the financial services provider's stock worth $33,549,000 after acquiring an additional 125,466 shares during the period. Cary Street Partners Financial LLC bought a new position in John Hancock Income Securities Trust during the second quarter worth $377,000. Brick & Kyle Associates bought a new position in John Hancock Income Securities Trust during the second quarter worth $238,000. Finally, Allspring Global Investments Holdings LLC increased its position in John Hancock Income Securities Trust by 1.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,472,258 shares of the financial services provider's stock worth $16,695,000 after acquiring an additional 20,205 shares during the period.

John Hancock Income Securities Trust Price Performance

NYSE:JHS opened at $11.88 on Friday. John Hancock Income Securities Trust has a 12 month low of $10.62 and a 12 month high of $12.09. The company's 50 day moving average is $11.65 and its 200-day moving average is $11.36.

John Hancock Income Securities Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were given a $0.1421 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.8%.

About John Hancock Income Securities Trust

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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