Short Interest in John Hancock Financial Opportunities Fund (NYSE:BTO) Decreases By 55.1%

John Hancock Financial Opportunities Fund (NYSE:BTO) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 14,600 shares, a decrease of 55.1% from the January 31st total of 32,500 shares. Based on an average daily trading volume, of 44,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

Hedge funds have recently modified their holdings of the business. US Bancorp DE acquired a new stake in shares of John Hancock Financial Opportunities Fund during the third quarter worth about $30,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund during the third quarter worth about $210,000. Focus Partners Wealth acquired a new stake in shares of John Hancock Financial Opportunities Fund during the fourth quarter worth about $212,000. L.M. Kohn & Company raised its position in shares of John Hancock Financial Opportunities Fund by 3.5% during the third quarter. L.M. Kohn & Company now owns 12,691 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 425 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of John Hancock Financial Opportunities Fund by 7.8% during the third quarter. Private Advisor Group LLC now owns 13,978 shares of the financial services provider’s stock worth $464,000 after purchasing an additional 1,015 shares during the period. Institutional investors and hedge funds own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Stock Up 1.7 %

NYSE BTO opened at $35.66 on Friday. The stock’s 50-day moving average is $36.33 and its 200-day moving average is $35.24. John Hancock Financial Opportunities Fund has a one year low of $26.11 and a one year high of $39.87.

John Hancock Financial Opportunities Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend was Thursday, December 12th.

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.