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Short Interest in John Hancock Income Securities Trust (NYSE:JHS) Decreases By 31.3%

John Hancock Income Securities Trust logo with Finance background

Key Points

  • Short interest in John Hancock Income Securities Trust decreased by 31.3% in August, bringing the total to 5,700 shares as of August 15th.
  • Several hedge funds increased their positions in JHS, with significant stakes acquired by 1607 Capital Partners LLC and Sit Investment Associates Inc.
  • John Hancock Income Securities Trust declared a quarterly dividend of $0.1421, representing an annual yield of 4.9%, with payment scheduled for September 30th.
  • MarketBeat previews the top five stocks to own by November 1st.

John Hancock Income Securities Trust (NYSE:JHS - Get Free Report) was the target of a large drop in short interest in August. As of August 15th, there was short interest totaling 5,700 shares, a drop of 31.3% from the July 31st total of 8,300 shares. Based on an average daily trading volume, of 13,600 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 13,600 shares, the short-interest ratio is currently 0.4 days.

John Hancock Income Securities Trust Stock Performance

Shares of NYSE:JHS traded down $0.08 on Friday, reaching $11.58. The company's stock had a trading volume of 12,286 shares, compared to its average volume of 13,633. John Hancock Income Securities Trust has a 52-week low of $10.62 and a 52-week high of $11.87. The company has a 50-day simple moving average of $11.43 and a 200 day simple moving average of $11.28.

John Hancock Income Securities Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be paid a dividend of $0.1421 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.9%.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Large investors have recently made changes to their positions in the company. 1607 Capital Partners LLC boosted its position in John Hancock Income Securities Trust by 14.1% in the 1st quarter. 1607 Capital Partners LLC now owns 1,269,180 shares of the financial services provider's stock valued at $14,393,000 after buying an additional 156,500 shares during the period. Sit Investment Associates Inc. raised its holdings in shares of John Hancock Income Securities Trust by 4.4% in the 1st quarter. Sit Investment Associates Inc. now owns 2,958,494 shares of the financial services provider's stock valued at $33,549,000 after purchasing an additional 125,466 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of John Hancock Income Securities Trust by 1.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,472,258 shares of the financial services provider's stock valued at $16,695,000 after purchasing an additional 20,205 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of John Hancock Income Securities Trust during the 4th quarter worth approximately $217,000. Finally, Noble Wealth Management PBC bought a new position in shares of John Hancock Income Securities Trust during the 1st quarter worth approximately $52,000.

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.

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