John Hancock Income Securities Trust (NYSE:JHS) Short Interest Update

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 8,300 shares, agrowthof260.9% from the July 15th total of 2,300 shares. Approximately0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,500 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 13,500 shares, the days-to-cover ratio is presently 0.6 days. Approximately0.1% of the shares of the stock are sold short.

Institutional Trading of John Hancock Income Securities Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in JHS. Cary Street Partners Financial LLC acquired a new stake in shares of John Hancock Income Securities Trust during the 2nd quarter worth about $377,000. Baird Financial Group Inc. lifted its position in John Hancock Income Securities Trust by 23.9% in the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock valued at $678,000 after buying an additional 11,587 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in John Hancock Income Securities Trust by 5,395.0% during the second quarter. Wolverine Asset Management LLC now owns 5,495 shares of the financial services provider’s stock worth $62,000 after buying an additional 5,395 shares during the period. Riverbridge Partners LLC increased its position in shares of John Hancock Income Securities Trust by 3.2% during the second quarter. Riverbridge Partners LLC now owns 96,001 shares of the financial services provider’s stock valued at $1,083,000 after acquiring an additional 2,954 shares during the last quarter. Finally, 1607 Capital Partners LLC increased its position in shares of John Hancock Income Securities Trust by 14.1% during the first 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 during the last quarter.

John Hancock Income Securities Trust Stock Performance

Shares of John Hancock Income Securities Trust stock opened at $11.61 on Friday. The stock’s 50 day simple moving average is $11.28 and its 200-day simple moving average is $11.23. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 12th were issued a $0.1435 dividend. This represents a $0.57 annualized dividend and a yield of 4.9%. The ex-dividend date was Thursday, June 12th. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.13.

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.