John Hancock Financial Opportunities Fund (NYSE:BTO) Short Interest Update

John Hancock Financial Opportunities Fund (NYSE:BTO) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 6,900 shares, a drop of 52.7% from the February 13th total of 14,600 shares. Based on an average trading volume of 47,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of John Hancock Financial Opportunities Fund

Large investors have recently modified their holdings of the business. US Bancorp DE purchased a new stake in John Hancock Financial Opportunities Fund in the 3rd quarter valued at approximately $30,000. Cornerstone Advisors LLC raised its holdings in shares of John Hancock Financial Opportunities Fund by 132.9% in the third quarter. Cornerstone Advisors LLC now owns 226,737 shares of the financial services provider’s stock worth $7,519,000 after acquiring an additional 129,371 shares during the last quarter. L.M. Kohn & Company lifted its position in shares of John Hancock Financial Opportunities Fund by 3.5% in the third quarter. L.M. Kohn & Company now owns 12,691 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 425 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund during the third quarter valued at $511,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in John Hancock Financial Opportunities Fund during the 4th quarter worth about $737,000. 19.55% of the stock is currently owned by institutional investors and hedge funds.

John Hancock Financial Opportunities Fund Trading Up 0.9 %

Shares of BTO stock traded up $0.31 during mid-day trading on Friday, reaching $32.43. The stock had a trading volume of 38,286 shares, compared to its average volume of 51,575. John Hancock Financial Opportunities Fund has a 12-month low of $26.11 and a 12-month high of $39.87. The business has a 50-day simple moving average of $35.93 and a 200 day simple moving average of $35.37.

John Hancock Financial Opportunities Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 8.02%. The ex-dividend date is Thursday, March 13th.

John Hancock Financial Opportunities Fund Company Profile

John Hancock Financial Opportunities Fund is a closed-ended equity 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 public equity markets across the globe. It seeks to invest in the stocks of companies operating across the financial services sector.