John Hancock Financial Opportunities Fund (NYSE:BTO) Short Interest Down 7.4% in January

John Hancock Financial Opportunities Fund (NYSE:BTO) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 32,500 shares, a drop of 7.4% from the January 15th total of 35,100 shares. Based on an average daily trading volume, of 48,900 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BTO. Focus Partners Wealth bought a new position in shares of John Hancock Financial Opportunities Fund during the fourth quarter valued at about $212,000. Ameriprise Financial Inc. lifted its position in shares of John Hancock Financial Opportunities Fund by 97.0% during the 4th quarter. Ameriprise Financial Inc. now owns 22,052 shares of the financial services provider’s stock worth $787,000 after buying an additional 10,860 shares in the last quarter. Triumph Capital Management boosted its stake in shares of John Hancock Financial Opportunities Fund by 13.5% in the 4th quarter. Triumph Capital Management now owns 23,065 shares of the financial services provider’s stock worth $823,000 after buying an additional 2,743 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of John Hancock Financial Opportunities Fund by 28.2% in the fourth quarter. Stifel Financial Corp now owns 71,662 shares of the financial services provider’s stock valued at $2,558,000 after acquiring an additional 15,744 shares in the last quarter. Finally, Mariner LLC increased its position in shares of John Hancock Financial Opportunities Fund by 8.9% during the fourth quarter. Mariner LLC now owns 19,829 shares of the financial services provider’s stock valued at $708,000 after acquiring an additional 1,614 shares during the last quarter. Institutional investors own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Price Performance

NYSE:BTO opened at $37.49 on Wednesday. John Hancock Financial Opportunities Fund has a one year low of $26.11 and a one year high of $39.87. The firm has a 50-day moving average of $36.38 and a 200-day moving average of $34.99.

John Hancock Financial Opportunities Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 6.94%. The ex-dividend date was Thursday, December 12th.

About John Hancock Financial Opportunities Fund

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.