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

John Hancock Financial Opportunities Fund (NYSE:BTO) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 3,596 shares, an increase of 156.7% from the February 26th total of 1,401 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 52,840 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 52,840 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of John Hancock Financial Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Union Bankshares Corp purchased a new stake in shares of John Hancock Financial Opportunities Fund in the third quarter valued at about $36,000. Farther Finance Advisors LLC acquired a new stake in John Hancock Financial Opportunities Fund in the fourth quarter valued at $43,000. International Assets Investment Management LLC purchased a new stake in John Hancock Financial Opportunities Fund in the 4th quarter valued at approximately $57,000. Centaurus Financial Inc. acquired a new stake in John Hancock Financial Opportunities Fund during the 3rd quarter valued at $102,000. Finally, Envestnet Asset Management Inc. purchased a new position in John Hancock Financial Opportunities Fund during the second quarter worth $203,000. 19.55% of the stock is currently owned by hedge funds and other institutional investors.

John Hancock Financial Opportunities Fund Trading Up 0.8%

BTO traded up $0.28 during trading hours on Wednesday, hitting $34.67. The company’s stock had a trading volume of 39,809 shares, compared to its average volume of 57,238. The business’s 50-day moving average price is $36.55 and its 200-day moving average price is $35.61. John Hancock Financial Opportunities Fund has a 12 month low of $27.73 and a 12 month high of $39.85.

John Hancock Financial Opportunities Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 7.5%.

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.