Short Interest in John Hancock Financial Opportunities Fund (NYSE:BTO) Rises By 312.1%

John Hancock Financial Opportunities Fund (NYSE:BTO) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 23,617 shares, an increase of 312.1% from the January 15th total of 5,731 shares. Based on an average trading volume of 70,677 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 70,677 shares, the days-to-cover ratio is currently 0.3 days.

John Hancock Financial Opportunities Fund Price Performance

NYSE BTO opened at $39.30 on Wednesday. The company has a 50 day simple moving average of $36.47 and a 200-day simple moving average of $35.63. John Hancock Financial Opportunities Fund has a 52-week low of $27.73 and a 52-week high of $39.85.

John Hancock Financial Opportunities Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.6%.

Institutional Trading of John Hancock Financial Opportunities Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. purchased a new position in John Hancock Financial Opportunities Fund in the second quarter valued at about $35,000. Atlantic Union Bankshares Corp acquired a new stake in shares of John Hancock Financial Opportunities Fund during the 3rd quarter valued at about $36,000. Farther Finance Advisors LLC bought a new stake in shares of John Hancock Financial Opportunities Fund in the 4th quarter valued at approximately $43,000. International Assets Investment Management LLC bought a new position in John Hancock Financial Opportunities Fund during the fourth quarter valued at approximately $57,000. Finally, Centaurus Financial Inc. acquired a new stake in John Hancock Financial Opportunities Fund in the third quarter valued at approximately $102,000. 19.55% of the stock is currently owned by hedge funds and other institutional investors.

John Hancock Financial Opportunities Fund Company Profile

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.