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

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

John Hancock Financial Opportunities Fund Stock Performance

NYSE:BTO opened at $38.34 on Tuesday. The stock’s 50-day moving average is $35.87 and its 200-day moving average is $35.50. John Hancock Financial Opportunities Fund has a 1-year low of $27.73 and a 1-year high of $38.80.

John Hancock Financial Opportunities Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

Large investors have recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in shares of John Hancock Financial Opportunities Fund during the 3rd quarter valued at about $36,000. Benjamin Edwards Inc. acquired a new position in shares of John Hancock Financial Opportunities Fund during the third quarter worth approximately $474,000. J.W. Cole Advisors Inc. raised its holdings in John Hancock Financial Opportunities Fund by 4.8% during the second quarter. J.W. Cole Advisors Inc. now owns 10,674 shares of the financial services provider’s stock worth $378,000 after buying an additional 491 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of John Hancock Financial Opportunities Fund by 1.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 35,695 shares of the financial services provider’s stock valued at $1,264,000 after buying an additional 568 shares during the last quarter. Finally, AlphaCore Capital LLC increased its position in shares of John Hancock Financial Opportunities Fund by 49.9% during the second quarter. AlphaCore Capital LLC now owns 22,487 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 7,485 shares in the last quarter. 19.55% of the stock is currently owned by institutional investors and hedge funds.

About John Hancock Financial Opportunities Fund

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.