Short Interest in John Hancock Financial Opportunities Fund (NYSE:BTO) Declines By 52.7%

John Hancock Financial Opportunities Fund (NYSE:BTO) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 6,900 shares, a decrease of 52.7% from the February 13th total of 14,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 47,000 shares, the short-interest ratio is presently 0.1 days.

John Hancock Financial Opportunities Fund Stock Up 0.9 %

Shares of NYSE:BTO traded up $0.31 during trading on Friday, hitting $32.43. 38,286 shares of the company were exchanged, compared to its average volume of 51,575. The business’s 50 day moving average is $35.93 and its 200-day moving average is $35.37. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a $0.65 dividend. The ex-dividend date is Thursday, March 13th. This represents a $2.60 annualized dividend and a dividend yield of 8.02%.

Institutional Trading of John Hancock Financial Opportunities Fund

Institutional investors have recently modified their holdings of the business. FCA Corp TX grew its stake in shares of John Hancock Financial Opportunities Fund by 0.7% in the fourth quarter. FCA Corp TX now owns 94,630 shares of the financial services provider’s stock worth $3,377,000 after purchasing an additional 638 shares during the last quarter. LPL Financial LLC grew its stake in shares of John Hancock Financial Opportunities Fund by 66.8% in the fourth quarter. LPL Financial LLC now owns 185,773 shares of the financial services provider’s stock worth $6,630,000 after purchasing an additional 74,403 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of John Hancock Financial Opportunities Fund by 2.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 18,486 shares of the financial services provider’s stock worth $660,000 after purchasing an additional 425 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of John Hancock Financial Opportunities Fund by 7.8% in the fourth quarter. HighTower Advisors LLC now owns 16,636 shares of the financial services provider’s stock worth $594,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Cornerstone Advisors LLC grew its stake in shares of John Hancock Financial Opportunities Fund by 4.2% in the fourth quarter. Cornerstone Advisors LLC now owns 236,370 shares of the financial services provider’s stock worth $8,436,000 after purchasing an additional 9,633 shares during the last quarter. Institutional investors own 19.55% of the company’s stock.

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.