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

Key Points

• John Hancock Financial Opportunities Fund saw a significant increase in short interest, growing by 130.3% from August, totaling 17,500 shares as of September 15th.
• The Fund recently announced a quarterly dividend of $0.65 per share, providing an annualized yield of 7.3%.
• Institutional investors have been actively adjusting their stakes, with notable increases from firms like Thompson Investment Management and Private Trust Co. NA.

John Hancock Financial Opportunities Fund (NYSE:BTO - ) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 17,500 shares, a growth of 130.3% from the August 31st total of 7,600 shares. Based on an average trading volume of 32,600 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 32,600 shares, the short-interest ratio is currently 0.5 days.

John Hancock Financial Opportunities Fund Price Performance

Shares of John Hancock Financial Opportunities Fund stock traded up $0.12 on Friday, reaching $35.42. The company had a trading volume of 35,385 shares, compared to its average volume of 31,478. The firm's 50 day moving average price is $36.13 and its two-hundred day moving average price is $34.47. John Hancock Financial Opportunities Fund has a 52-week low of $27.73 and a 52-week high of $39.87.

John Hancock Financial Opportunities Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Friday, September 12th.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new stake in John Hancock Financial Opportunities Fund during the 2nd quarter worth approximately $35,000. Blue Trust Inc. acquired a new position in John Hancock Financial Opportunities Fund during the 2nd quarter worth approximately $35,000. Thompson Investment Management Inc. grew its holdings in John Hancock Financial Opportunities Fund by 149.0% during the 2nd quarter. Thompson Investment Management Inc. now owns 1,616 shares of the financial services provider's stock worth $57,000 after acquiring an additional 967 shares in the last quarter. Private Trust Co. NA grew its holdings in John Hancock Financial Opportunities Fund by 33.3% during the 1st quarter. Private Trust Co. NA now owns 2,000 shares of the financial services provider's stock worth $68,000 after acquiring an additional 500 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in John Hancock Financial Opportunities Fund by 32.5% during the 2nd quarter. Allworth Financial LP now owns 4,493 shares of the financial services provider's stock worth $159,000 after acquiring an additional 1,102 shares in the last quarter. 19.55% of the stock is owned by hedge funds and other institutional investors.

John Hancock Financial Opportunities Fund Company Profile

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.

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