John Hancock Income Securities Trust (NYSE:JHS) Sees Large Growth in Short Interest

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 5,539 shares, a growth of 80.0% from the June 15th total of 3,078 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 15,001 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JHS. Riverbridge Partners LLC increased its stake in John Hancock Income Securities Trust by 158.3% in the 4th quarter. Riverbridge Partners LLC now owns 193,055 shares of the financial services provider’s stock valued at $2,261,000 after buying an additional 118,311 shares during the last quarter. Petra Financial Advisors Inc. lifted its position in John Hancock Income Securities Trust by 72.1% during the 4th quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock worth $224,000 after buying an additional 8,010 shares in the last quarter. Fifth Third Bancorp bought a new stake in John Hancock Income Securities Trust during the 1st quarter worth about $27,000. Guggenheim Capital LLC boosted its stake in shares of John Hancock Income Securities Trust by 60.1% during the 4th quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock worth $1,540,000 after buying an additional 49,377 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of John Hancock Income Securities Trust by 23.9% during the 2nd quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock worth $678,000 after buying an additional 11,587 shares during the last quarter.

John Hancock Income Securities Trust Stock Up 0.5%

NYSE:JHS opened at $11.01 on Friday. John Hancock Income Securities Trust has a twelve month low of $10.74 and a twelve month high of $12.09. The business has a 50 day moving average price of $11.03 and a two-hundred day moving average price of $11.28.

John Hancock Income Securities Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were given a $0.1535 dividend. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Thursday, June 11th.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust (NYSE: JHS) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income while preserving capital. Trading on the New York Stock Exchange since its launch in the late 1970s, the trust offers investors access to a broad portfolio of fixed-income securities under a professional management structure.

The fund’s primary investment activities include purchasing U.S. government and agency obligations, investment-grade corporate debt, mortgage- and asset-backed securities, preferred stocks, and selected foreign debt instruments.