John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 18,832 shares, a growth of 14.9% from the March 31st total of 16,386 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,594 shares, the days-to-cover ratio is presently 0.4 days.
Hedge Funds Weigh In On John Hancock Financial Opportunities Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new stake in shares of John Hancock Financial Opportunities Fund during the third quarter worth $36,000. Farther Finance Advisors LLC bought a new position in shares of John Hancock Financial Opportunities Fund in the 4th quarter valued at $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 stake in shares of John Hancock Financial Opportunities Fund during the 3rd quarter valued at $102,000. Finally, Creative Planning acquired a new stake in shares of John Hancock Financial Opportunities Fund during the 3rd quarter valued at $237,000. Institutional investors own 19.55% of the company's stock.
John Hancock Financial Opportunities Fund Trading Up 0.8%
John Hancock Financial Opportunities Fund stock opened at $37.10 on Friday. John Hancock Financial Opportunities Fund has a 12-month low of $31.88 and a 12-month high of $39.85. The business's 50-day moving average price is $35.87 and its two-hundred day moving average price is $35.68.
John Hancock Financial Opportunities Fund Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $2.60 annualized dividend and a dividend yield of 7.0%.
About John Hancock Financial Opportunities Fund
(
Get Free Report)
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.
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