John Hancock Financial Opportunities Fund (NYSE:BTO) Short Interest Update

John Hancock Financial Opportunities Fund (NYSE:BTO) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 53 shares, a decrease of 99.7% from the April 15th total of 18,832 shares. Based on an average trading volume of 50,529 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

John Hancock Financial Opportunities Fund Stock Performance

NYSE:BTO traded down $0.62 during trading hours on Monday, reaching $36.66. The company had a trading volume of 63,323 shares, compared to its average volume of 45,093. The stock has a 50-day moving average of $35.86 and a two-hundred day moving average of $35.78. John Hancock Financial Opportunities Fund has a one year low of $32.01 and a one year high of $39.85.

John Hancock Financial Opportunities Fund Announces Dividend

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

Institutional Trading of John Hancock Financial Opportunities Fund

Large investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp bought a new stake in John Hancock Financial Opportunities Fund in the third quarter valued at $36,000. Farther Finance Advisors LLC bought a new stake in John Hancock Financial Opportunities Fund in the fourth quarter valued at $43,000. International Assets Investment Management LLC acquired a new position in John Hancock Financial Opportunities Fund in the fourth quarter worth $57,000. Centaurus Financial Inc. acquired a new position in John Hancock Financial Opportunities Fund in the third quarter worth $102,000. Finally, Fifth Third Bancorp acquired a new position in John Hancock Financial Opportunities Fund in the first quarter worth $206,000. 19.55% of the stock is currently owned by 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.