Short Interest in John Hancock Financial Opportunities Fund (NYSE:BTO) Expands By 176.4%

John Hancock Financial Opportunities Fund (NYSE:BTO) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 24,600 shares, an increase of 176.4% from the October 31st total of 8,900 shares. Based on an average trading volume of 46,300 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE purchased a new stake in shares of John Hancock Financial Opportunities Fund in the third quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new position in shares of John Hancock Financial Opportunities Fund during the 2nd quarter worth $51,000. EverSource Wealth Advisors LLC purchased a new stake in shares of John Hancock Financial Opportunities Fund in the 2nd quarter valued at approximately $70,000. Wealth Enhancement Advisory Services LLC purchased a new position in John Hancock Financial Opportunities Fund in the third quarter worth approximately $210,000. Finally, Wedbush Securities Inc. grew its holdings in shares of John Hancock Financial Opportunities Fund by 8.7% during the 2nd quarter. Wedbush Securities Inc. now owns 8,738 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Trading Up 0.0 %

Shares of NYSE:BTO opened at $39.28 on Thursday. John Hancock Financial Opportunities Fund has a 12-month low of $26.11 and a 12-month high of $39.87. The business’s fifty day simple moving average is $34.70 and its 200-day simple moving average is $31.66.

John Hancock Financial Opportunities Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.60 annualized dividend and a dividend yield of 6.62%.

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.