John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 20,500 shares, a growth of 5.1% from the November 30th total of 19,500 shares. Based on an average daily volume of 43,000 shares, the short-interest ratio is presently 0.5 days.
Institutional Investors Weigh In On John Hancock Financial Opportunities Fund
Hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund in the third quarter valued at approximately $511,000. L.M. Kohn & Company grew its holdings in John Hancock Financial Opportunities Fund by 3.5% in the 3rd quarter. L.M. Kohn & Company now owns 12,691 shares of the financial services provider's stock worth $421,000 after buying an additional 425 shares in the last quarter. Cornerstone Advisors LLC increased its position 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 valued at $7,519,000 after acquiring an additional 129,371 shares during the period. Shaker Financial Services LLC raised its stake in John Hancock Financial Opportunities Fund by 46.1% during the 3rd quarter. Shaker Financial Services LLC now owns 59,654 shares of the financial services provider's stock valued at $1,978,000 after acquiring an additional 18,814 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in John Hancock Financial Opportunities Fund by 288.4% during the 3rd quarter. Stephens Inc. AR now owns 44,757 shares of the financial services provider's stock worth $1,484,000 after acquiring an additional 33,233 shares during the period. 19.55% of the stock is currently owned by institutional investors.
John Hancock Financial Opportunities Fund Stock Up 2.3 %
Shares of John Hancock Financial Opportunities Fund stock traded up $0.81 on Wednesday, reaching $35.69. 58,414 shares of the company were exchanged, compared to its average volume of 52,489. John Hancock Financial Opportunities Fund has a 1-year low of $26.11 and a 1-year high of $39.87. The company's 50-day moving average is $36.77 and its two-hundred day moving average is $33.28.
John Hancock Financial Opportunities Fund Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 7.28%. The ex-dividend date was Thursday, December 12th.
John Hancock Financial Opportunities Fund Company Profile
(
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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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