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

John Hancock Financial Opportunities Fund (NYSE:BTO) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 3,170 shares, a decrease of 76.9% from the June 30th total of 13,728 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 49,232 shares, the days-to-cover ratio is currently 0.1 days.

John Hancock Financial Opportunities Fund Stock Up 1.0%

Shares of BTO stock opened at $40.45 on Friday. The stock has a fifty day moving average of $38.18 and a 200 day moving average of $37.10. John Hancock Financial Opportunities Fund has a 52 week low of $32.01 and a 52 week high of $41.00.

John Hancock Financial Opportunities Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Thursday, June 11th.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its position in shares of John Hancock Financial Opportunities Fund by 3.7% during the fourth quarter. Wells Fargo & Company MN now owns 667,192 shares of the financial services provider’s stock valued at $23,405,000 after buying an additional 23,822 shares during the period. Raymond James Financial Inc. lifted its holdings in John Hancock Financial Opportunities Fund by 5.3% in the second quarter. Raymond James Financial Inc. now owns 558,810 shares of the financial services provider’s stock worth $19,793,000 after buying an additional 28,231 shares during the period. Royal Bank of Canada boosted its position in John Hancock Financial Opportunities Fund by 3.3% during the 1st quarter. Royal Bank of Canada now owns 267,804 shares of the financial services provider’s stock valued at $9,606,000 after acquiring an additional 8,443 shares in the last quarter. FCA Corp TX boosted its position in John Hancock Financial Opportunities Fund by 2.4% during the 1st quarter. FCA Corp TX now owns 88,984 shares of the financial services provider’s stock valued at $3,192,000 after acquiring an additional 2,064 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of John Hancock Financial Opportunities Fund by 0.3% during the 4th quarter. Stifel Financial Corp now owns 86,733 shares of the financial services provider’s stock worth $3,043,000 after acquiring an additional 302 shares during the period. Institutional investors own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Company Profile

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.