John Hancock Financial Opportunities Fund (NYSE:BTO) Sees Large Drop in Short Interest

John Hancock Financial Opportunities Fund (NYSE:BTOGet Free Report) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 53 shares, a drop of 99.7% from the April 15th total of 18,832 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 50,529 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of John Hancock Financial Opportunities Fund

Several large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in shares of John Hancock Financial Opportunities Fund by 0.3% during the 4th quarter. Stifel Financial Corp now owns 86,733 shares of the financial services provider’s stock worth $3,043,000 after purchasing an additional 302 shares during the last quarter. Redwood Wealth Management Group LLC boosted its holdings in John Hancock Financial Opportunities Fund by 4.5% in the 1st quarter. Redwood Wealth Management Group LLC now owns 9,229 shares of the financial services provider’s stock worth $331,000 after buying an additional 400 shares during the last quarter. Ameriprise Financial Inc. increased its stake in John Hancock Financial Opportunities Fund by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,951 shares of the financial services provider’s stock worth $813,000 after buying an additional 552 shares in the last quarter. Kestra Advisory Services LLC increased its stake in John Hancock Financial Opportunities Fund by 4.4% during the 1st quarter. Kestra Advisory Services LLC now owns 15,090 shares of the financial services provider’s stock worth $541,000 after buying an additional 639 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of John Hancock Financial Opportunities Fund by 3.4% during the first quarter. Private Advisor Group LLC now owns 23,961 shares of the financial services provider’s stock valued at $859,000 after acquiring an additional 796 shares during the last quarter. Hedge funds and other institutional investors own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Price Performance

NYSE:BTO opened at $36.49 on Wednesday. John Hancock Financial Opportunities Fund has a twelve month low of $32.01 and a twelve month high of $39.85. The company’s 50 day moving average is $35.88 and its two-hundred day moving average is $35.79.

John Hancock Financial Opportunities Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Thursday, March 12th.

John Hancock Financial Opportunities Fund Company Profile

(Get Free Report)

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.

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