John Hancock Income Securities Trust (NYSE:JHS - Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 6,800 shares, a drop of 41.9% from the March 31st total of 11,700 shares. Based on an average trading volume of 15,900 shares, the short-interest ratio is currently 0.4 days.
Institutional Trading of John Hancock Income Securities Trust
Institutional investors and hedge funds have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. increased its holdings in John Hancock Income Securities Trust by 11.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 194,969 shares of the financial services provider's stock worth $2,183,000 after buying an additional 19,675 shares during the last quarter. Riverbridge Partners LLC raised its holdings in shares of John Hancock Income Securities Trust by 1.8% in the 4th quarter. Riverbridge Partners LLC now owns 82,808 shares of the financial services provider's stock worth $927,000 after purchasing an additional 1,468 shares during the period. Raymond James Financial Inc. purchased a new position in John Hancock Income Securities Trust in the fourth quarter valued at approximately $217,000. LPL Financial LLC grew its holdings 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. Finally, StoneX Group Inc. purchased a new stake in John Hancock Income Securities Trust in the fourth quarter worth $152,000.
John Hancock Income Securities Trust Price Performance
JHS remained flat at $11.25 during mid-day trading on Friday. 4,187 shares of the company's stock were exchanged, compared to its average volume of 16,930. The business has a 50-day moving average of $11.20 and a 200 day moving average of $11.30. John Hancock Income Securities Trust has a 1 year low of $10.62 and a 1 year high of $11.87.
John Hancock Income Securities Trust Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a dividend of $0.1318 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.53 annualized dividend and a dividend yield of 4.69%.
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.
See Also
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
