Short Interest in John Hancock Financial Opportunities Fund (NYSE:BTO) Declines By 48.8%

John Hancock Financial Opportunities Fund (NYSE:BTO) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 6,127 shares, a decrease of 48.8% from the July 30th total of 11,963 shares. Based on an average trading volume of 40,056 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

John Hancock Financial Opportunities Fund Price Performance

John Hancock Financial Opportunities Fund stock traded down $0.20 during midday trading on Monday, hitting $39.48. The company’s stock had a trading volume of 31,984 shares, compared to its average volume of 48,907. John Hancock Financial Opportunities Fund has a 1-year low of $32.01 and a 1-year high of $42.00. The company has a 50-day moving average price of $39.98 and a two-hundred day moving average price of $37.70.

Institutional Trading of John Hancock Financial Opportunities Fund

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in John Hancock Financial Opportunities Fund in the fourth quarter valued at approximately $43,000. International Assets Investment Management LLC bought a new position in shares of John Hancock Financial Opportunities Fund in the 4th quarter valued at $57,000. Centaurus Financial Inc. acquired a new position in shares of John Hancock Financial Opportunities Fund during the 3rd quarter worth $102,000. Fifth Third Bancorp bought a new stake in shares of John Hancock Financial Opportunities Fund during the 1st quarter worth $206,000. Finally, Creative Planning acquired a new stake in John Hancock Financial Opportunities Fund in the third quarter valued at about $237,000. 19.55% of the stock is currently owned by institutional investors.

About John Hancock Financial Opportunities Fund

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.