Short Interest in John Hancock Income Securities Trust (NYSE:JHS) Declines By 87.9%

John Hancock Income Securities Trust (NYSE:JHS - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 700 shares, a drop of 87.9% from the May 15th total of 5,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 13,100 shares, the short-interest ratio is presently 0.1 days.

John Hancock Income Securities Trust Price Performance

NYSE:JHS traded down $0.02 during mid-day trading on Friday, reaching $11.07. The stock had a trading volume of 10,649 shares, compared to its average volume of 16,256. John Hancock Income Securities Trust has a twelve month low of $10.62 and a twelve month high of $11.87. The business has a 50 day simple moving average of $11.16 and a 200 day simple moving average of $11.24.

John Hancock Income Securities Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be issued a $0.1435 dividend. This is a boost from John Hancock Income Securities Trust's previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Thursday, June 12th.

Institutional Trading of John Hancock Income Securities Trust

Institutional investors have recently modified their holdings of the business. Sit Investment Associates Inc. raised its position in John Hancock Income Securities Trust by 4.4% in 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of John Hancock Income Securities Trust by 1.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,472,258 shares of the financial services provider's stock worth $16,695,000 after purchasing an additional 20,205 shares during the period. 1607 Capital Partners LLC grew its stake in shares of John Hancock Income Securities Trust by 14.1% during the 1st quarter. 1607 Capital Partners LLC now owns 1,269,180 shares of the financial services provider's stock worth $14,393,000 after purchasing an additional 156,500 shares during the period. Riverbridge Partners LLC increased its holdings in shares of John Hancock Income Securities Trust by 12.4% in the 1st quarter. Riverbridge Partners LLC now owns 93,047 shares of the financial services provider's stock valued at $1,055,000 after purchasing an additional 10,239 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of John Hancock Income Securities Trust by 5.6% in 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

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.