John Hancock Income Securities Trust (NYSE:JHS) Short Interest Down 61.6% in September

John Hancock Income Securities Trust (NYSE:JHS) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 3,800 shares, a decrease of 61.6% from the September 15th total of 9,900 shares. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.4 days.

John Hancock Income Securities Trust stock traded down $0.03 during mid-day trading on Thursday, hitting $15.66. The company’s stock had a trading volume of 19,500 shares, compared to its average volume of 10,562. The firm’s 50 day moving average is $15.92 and its 200 day moving average is $15.82. John Hancock Income Securities Trust has a 52-week low of $15.00 and a 52-week high of $16.96.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Monday, September 13th were paid a $0.191 dividend. This represents a $0.76 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend was Friday, September 10th.

A number of institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. increased its position in John Hancock Income Securities Trust by 118.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,766 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 958 shares during the last quarter. Commonwealth Equity Services LLC increased its position in John Hancock Income Securities Trust by 9.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,238 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 1,382 shares during the last quarter. Bank of America Corp DE increased its position in John Hancock Income Securities Trust by 7.6% in the 2nd quarter. Bank of America Corp DE now owns 20,479 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 1,438 shares during the last quarter. Royal Bank of Canada increased its position in John Hancock Income Securities Trust by 102.4% in the 1st quarter. Royal Bank of Canada now owns 3,953 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 2,000 shares during the last quarter. Finally, LPL Financial LLC increased its position in John Hancock Income Securities Trust by 4.7% in the 2nd quarter. LPL Financial LLC now owns 75,091 shares of the financial services provider’s stock worth $1,201,000 after purchasing an additional 3,391 shares during the last quarter. 29.66% of the stock is owned by hedge funds and other institutional investors.

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.

Recommended Story: Why do corrections happen?

Receive News & Ratings for John Hancock Income Securities Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Income Securities Trust and related companies with MarketBeat.com's FREE daily email newsletter.