John Hancock Financial Opportunities Fund (NYSE:BTO) Short Interest Up 176.4% in November

John Hancock Financial Opportunities Fund (NYSE:BTO) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 24,600 shares, an increase of 176.4% from the October 31st total of 8,900 shares. Based on an average daily volume of 46,300 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On John Hancock Financial Opportunities Fund

Institutional investors have recently made changes to their positions in the business. Cornerstone Advisors LLC increased its holdings in John Hancock Financial Opportunities Fund by 132.9% in the 3rd quarter. Cornerstone Advisors LLC now owns 226,737 shares of the financial services provider’s stock worth $7,519,000 after acquiring an additional 129,371 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in John Hancock Financial Opportunities Fund by 3,216.0% in the 3rd quarter. International Assets Investment Management LLC now owns 60,517 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 58,692 shares in the last quarter. Stephens Inc. AR boosted its stake in John Hancock Financial Opportunities Fund by 288.4% in the 3rd quarter. Stephens Inc. AR now owns 44,757 shares of the financial services provider’s stock worth $1,484,000 after purchasing an additional 33,233 shares during the period. Wolverine Asset Management LLC raised its position in shares of John Hancock Financial Opportunities Fund by 400.0% during the second quarter. Wolverine Asset Management LLC now owns 39,148 shares of the financial services provider’s stock valued at $1,097,000 after buying an additional 31,319 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its position in shares of John Hancock Financial Opportunities Fund by 92.5% during the second quarter. Shaker Financial Services LLC now owns 40,840 shares of the financial services provider’s stock worth $1,144,000 after acquiring an additional 19,629 shares during the last quarter. Institutional investors own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Stock Performance

BTO stock opened at $39.27 on Friday. John Hancock Financial Opportunities Fund has a 1-year low of $26.11 and a 1-year high of $39.87. The business has a fifty day moving average price of $34.96 and a 200-day moving average price of $31.76.

John Hancock Financial Opportunities Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend was Friday, September 13th.

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.