John Hancock Income Securities Trust (NYSE:JHS – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 5,800 shares, a growth of 38.1% from the July 15th total of 4,200 shares. Based on an average trading volume of 19,900 shares, the days-to-cover ratio is currently 0.3 days.
John Hancock Income Securities Trust Stock Down 0.3 %
Shares of John Hancock Income Securities Trust stock traded down $0.04 on Thursday, reaching $11.39. The stock had a trading volume of 25,265 shares, compared to its average volume of 24,482. The company has a 50 day moving average price of $11.09 and a 200 day moving average price of $11.06. John Hancock Income Securities Trust has a 1 year low of $9.76 and a 1 year high of $11.60.
John Hancock Income Securities Trust Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a $0.116 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 4.07%.
Hedge Funds Weigh In On John Hancock Income Securities Trust
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.
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