John Hancock Income Securities Trust (NYSE:JHS - Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 6,800 shares, a decrease of 41.9% from the March 31st total of 11,700 shares. Based on an average trading volume of 15,900 shares, the days-to-cover ratio is presently 0.4 days.
John Hancock Income Securities Trust Price Performance
JHS stock remained flat at $11.25 during trading on Friday. 6,116 shares of the company were exchanged, compared to its average volume of 17,012. John Hancock Income Securities Trust has a one year low of $10.62 and a one year high of $11.87. The business has a fifty day simple moving average of $11.19 and a 200-day simple moving average of $11.30.
John Hancock Income Securities Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Thursday, March 13th.
Hedge Funds Weigh In On John Hancock Income Securities Trust
Several hedge funds have recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new stake in John Hancock Income Securities Trust during the 1st quarter valued at about $52,000. StoneX Group Inc. acquired a new stake in John Hancock Income Securities Trust during the 4th quarter valued at approximately $152,000. Raymond James Financial Inc. acquired a new stake in shares of John Hancock Income Securities Trust in the fourth quarter worth $217,000. Stifel Financial Corp raised its holdings in shares of John Hancock Income Securities Trust by 18.8% during the fourth quarter. Stifel Financial Corp now owns 26,290 shares of the financial services provider's stock worth $294,000 after purchasing an additional 4,160 shares during the last quarter. Finally, LPL Financial LLC lifted its position 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 valued at $393,000 after purchasing an additional 1,867 shares during the period.
About John Hancock Income Securities Trust
(
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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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