John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 10,300 shares, an increase of 77.6% from the March 15th total of 5,800 shares. Based on an average trading volume of 51,500 shares, the days-to-cover ratio is currently 0.2 days.
John Hancock Financial Opportunities Fund Stock Performance
Shares of NYSE:BTO traded down $0.37 during midday trading on Friday, reaching $26.94. The company's stock had a trading volume of 62,319 shares, compared to its average volume of 47,053. John Hancock Financial Opportunities Fund has a fifty-two week low of $22.95 and a fifty-two week high of $31.42. The business's fifty day simple moving average is $28.43 and its 200-day simple moving average is $28.12.
John Hancock Financial Opportunities Fund Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 9.65%.
Institutional Trading of John Hancock Financial Opportunities Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in John Hancock Financial Opportunities Fund in the fourth quarter worth about $2,375,000. Aurora Investment Counsel increased its position in John Hancock Financial Opportunities Fund by 6.3% in the fourth quarter. Aurora Investment Counsel now owns 86,761 shares of the financial services provider's stock worth $2,610,000 after purchasing an additional 5,159 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in John Hancock Financial Opportunities Fund in the fourth quarter worth about $220,000. All Season Financial Advisors Inc. increased its position in John Hancock Financial Opportunities Fund by 48.3% in the fourth quarter. All Season Financial Advisors Inc. now owns 19,407 shares of the financial services provider's stock worth $584,000 after purchasing an additional 6,319 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in John Hancock Financial Opportunities Fund by 7.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 420,783 shares of the financial services provider's stock worth $12,657,000 after purchasing an additional 30,636 shares during the period. 19.55% of the stock is currently owned by institutional investors and hedge funds.
About John Hancock Financial Opportunities Fund
(
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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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