John Hancock Financial Opportunities Fund (NYSE:BTO) Stock Short Interest Report for September

John Hancock Financial Opportunities Fund (NYSE:BTO) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 7,757 shares, a growth of 102.1% from the September 15th total of 3,838 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 43,673 shares, the days-to-cover ratio is presently 0.2 days.

John Hancock Financial Opportunities Fund Stock Performance

BTO stock traded up $0.38 during trading on Thursday, hitting $35.97. The company had a trading volume of 58,565 shares, compared to its average volume of 47,790. The business has a 50-day moving average of $38.52 and a 200-day moving average of $38.09. John Hancock Financial Opportunities Fund has a one year low of $32.01 and a one year high of $42.00.

John Hancock Financial Opportunities Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Friday, September 11th.

Hedge Funds Weigh In On John Hancock Financial Opportunities Fund

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in John Hancock Financial Opportunities Fund in the first quarter worth approximately $206,000. Cetera Investment Advisers boosted its holdings in John Hancock Financial Opportunities Fund by 18.5% during the 1st quarter. Cetera Investment Advisers now owns 8,415 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 1,315 shares during the last quarter. Redwood Wealth Management Group LLC grew its position in John Hancock Financial Opportunities Fund by 4.5% in the 1st quarter. Redwood Wealth Management Group LLC now owns 9,229 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 400 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of John Hancock Financial Opportunities Fund by 4.4% in the first quarter. Kestra Advisory Services LLC now owns 15,090 shares of the financial services provider’s stock valued at $541,000 after acquiring an additional 639 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in John Hancock Financial Opportunities Fund by 3.4% in the 1st quarter. Private Advisor Group LLC now owns 23,961 shares of the financial services provider’s stock valued at $859,000 after purchasing an additional 796 shares during the period. Institutional investors and hedge funds own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Company Profile

John Hancock Financial Opportunities Fund is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol BTO. The fund is designed to provide investors with exposure to the financial services sector rather than operating as a traditional financial services company.

The fund seeks a high level of current income and long-term capital appreciation by investing primarily in companies involved in banking, insurance, asset management, financial technology and other financial-related activities.