John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 32,500 shares, a decline of 7.4% from the January 15th total of 35,100 shares. Based on an average daily trading volume, of 48,900 shares, the days-to-cover ratio is currently 0.7 days.
John Hancock Financial Opportunities Fund Price Performance
Shares of NYSE BTO traded down $0.27 during midday trading on Friday, hitting $36.17. 24,974 shares of the company traded hands, compared to its average volume of 47,821. John Hancock Financial Opportunities Fund has a 12-month low of $26.11 and a 12-month high of $39.87. The stock has a 50-day moving average price of $36.33 and a 200 day moving average price of $35.02.
John Hancock Financial Opportunities Fund Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend was Thursday, December 12th.
Hedge Funds Weigh In On John Hancock Financial Opportunities Fund
Several hedge funds and other institutional investors have recently modified their holdings of BTO. Focus Partners Wealth bought a new stake in John Hancock Financial Opportunities Fund during the fourth quarter worth about $212,000. Ameriprise Financial Inc. boosted its stake in John Hancock Financial Opportunities Fund by 97.0% during the fourth quarter. Ameriprise Financial Inc. now owns 22,052 shares of the financial services provider's stock worth $787,000 after acquiring an additional 10,860 shares in the last quarter. Triumph Capital Management boosted its stake in John Hancock Financial Opportunities Fund by 13.5% during the fourth quarter. Triumph Capital Management now owns 23,065 shares of the financial services provider's stock worth $823,000 after acquiring an additional 2,743 shares in the last quarter. Stifel Financial Corp boosted its stake in John Hancock Financial Opportunities Fund by 28.2% during the fourth quarter. Stifel Financial Corp now owns 71,662 shares of the financial services provider's stock worth $2,558,000 after acquiring an additional 15,744 shares in the last quarter. Finally, Mariner LLC boosted its stake in John Hancock Financial Opportunities Fund by 8.9% during the fourth quarter. Mariner LLC now owns 19,829 shares of the financial services provider's stock worth $708,000 after acquiring an additional 1,614 shares in the last quarter. Hedge funds and other institutional investors own 19.55% of the company's stock.
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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