John Hancock Financial Opportunities Fund (NYSE:BTO) Short Interest Down 55.1% in February

John Hancock Financial Opportunities Fund (NYSE:BTO) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 14,600 shares, a decline of 55.1% from the January 31st total of 32,500 shares. Based on an average trading volume of 44,600 shares, the short-interest ratio is presently 0.3 days.

John Hancock Financial Opportunities Fund Stock Performance

NYSE BTO traded up $0.60 during trading hours on Friday, hitting $35.66. The company had a trading volume of 41,329 shares, compared to its average volume of 46,993. The business has a 50 day moving average of $36.33 and a 200-day moving average of $35.31. John Hancock Financial Opportunities Fund has a 1-year low of $26.11 and a 1-year high of $39.87.

John Hancock Financial Opportunities Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were paid a dividend of $0.65 per share. The ex-dividend date was Thursday, December 12th. This represents a $2.60 dividend on an annualized basis and a yield of 7.29%.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in shares of John Hancock Financial Opportunities Fund by 7.8% during the third quarter. Private Advisor Group LLC now owns 13,978 shares of the financial services provider’s stock worth $464,000 after acquiring an additional 1,015 shares during the last quarter. International Assets Investment Management LLC grew its position in John Hancock Financial Opportunities Fund by 3,216.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,517 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 58,692 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in John Hancock Financial Opportunities Fund in the third quarter valued at $210,000. US Bancorp DE purchased a new stake in shares of John Hancock Financial Opportunities Fund in the third quarter valued at about $30,000. Finally, Stephens Inc. AR boosted its stake in shares of John Hancock Financial Opportunities Fund by 288.4% during the third quarter. Stephens Inc. AR now owns 44,757 shares of the financial services provider’s stock worth $1,484,000 after buying an additional 33,233 shares during the period. 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 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.