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

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.

John Hancock Income Securities Trust (NYSE:JHS - ) was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 5,700 shares, adecreaseof31.3% from the July 31st total of 8,300 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several hedge funds have recently made changes to their positions in JHS. 1607 Capital Partners LLC lifted its position in shares of 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 acquiring an additional 156,500 shares in the last quarter. Sit Investment Associates Inc. lifted its position 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 acquiring an additional 125,466 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of John Hancock Income Securities Trust in the 2nd quarter valued at approximately $377,000. Brick & Kyle Associates purchased a new stake in shares of John Hancock Income Securities Trust in the 2nd quarter valued at approximately $238,000. Finally, Allspring Global Investments Holdings LLC increased its stake in 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 buying an additional 20,205 shares during the period.

John Hancock Income Securities Trust Stock Up 0.3%

JHS stock traded up $0.03 on Friday, hitting $11.61. 24,616 shares of the company's stock traded hands, compared to its average volume of 9,611. John Hancock Income Securities Trust has a 1-year low of $10.62 and a 1-year high of $11.87. The stock has a fifty day moving average of $11.40 and a 200-day moving average of $11.27.

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 given a $0.1421 dividend. This represents a $0.57 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, September 12th.

John Hancock Income Securities Trust Company Profile

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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