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

John Hancock Financial Opportunities Fund (NYSE:BTO) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 5,731 shares, a growth of 47.9% from the December 31st total of 3,876 shares. Based on an average daily trading volume, of 57,402 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 57,402 shares, the days-to-cover ratio is presently 0.1 days.

John Hancock Financial Opportunities Fund Price Performance

Shares of NYSE:BTO opened at $37.68 on Friday. The business’s 50 day simple moving average is $35.76 and its 200-day simple moving average is $35.49. John Hancock Financial Opportunities Fund has a 12 month low of $27.73 and a 12 month high of $38.80.

John Hancock Financial Opportunities Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $2.60 annualized dividend and a yield of 6.9%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of John Hancock Financial Opportunities Fund in the 2nd quarter worth about $201,000. Gilliland Jeter Wealth Management LLC raised its position in John Hancock Financial Opportunities Fund by 2.1% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 36,882 shares of the financial services provider’s stock worth $1,306,000 after acquiring an additional 761 shares during the last quarter. Thompson Investment Management Inc. lifted its holdings in shares of John Hancock Financial Opportunities Fund by 149.0% in the second quarter. Thompson Investment Management Inc. now owns 1,616 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 967 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of John Hancock Financial Opportunities Fund in the second quarter valued at approximately $35,000. Finally, Stephens Inc. AR grew its position in shares of John Hancock Financial Opportunities Fund by 3.2% in the second quarter. Stephens Inc. AR now owns 12,889 shares of the financial services provider’s stock valued at $457,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Company Profile

John Hancock Financial Opportunities Fund (NYSE: BTO) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. Since its inception in August 2004, the fund has sought to deliver total return through a combination of current income and capital appreciation. As a publicly traded fund, it offers investors access to a diversified portfolio of financial services companies that might otherwise require direct equity investments or specialized mandates.

The fund primarily invests in common stocks, preferred stocks and convertible securities issued by companies in the banking, insurance, brokerage and specialty finance sectors.