John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 9,300 shares, a drop of 64.9% from the September 15th total of 26,500 shares. Based on an average daily trading volume, of 57,900 shares, the days-to-cover ratio is currently 0.2 days.
John Hancock Financial Opportunities Fund Price Performance
Shares of BTO traded up $0.41 during mid-day trading on Friday, reaching $33.10. The company's stock had a trading volume of 42,955 shares, compared to its average volume of 54,739. John Hancock Financial Opportunities Fund has a 1 year low of $22.96 and a 1 year high of $33.66. The business has a fifty day moving average of $32.19 and a 200 day moving average of $29.87.
John Hancock Financial Opportunities Fund Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date of this dividend was Friday, September 13th.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in BTO. International Assets Investment Management LLC bought a new stake in shares of John Hancock Financial Opportunities Fund in the 2nd quarter valued at approximately $51,000. EverSource Wealth Advisors LLC acquired a new position in shares of John Hancock Financial Opportunities Fund during the 2nd quarter worth $70,000. Abel Hall LLC bought a new position in shares of John Hancock Financial Opportunities Fund during the 4th quarter valued at $241,000. J.W. Cole Advisors Inc. lifted its stake in shares of John Hancock Financial Opportunities Fund by 17.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 8,703 shares of the financial services provider's stock valued at $257,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in John Hancock Financial Opportunities Fund by 8.7% in the second quarter. Wedbush Securities Inc. now owns 8,738 shares of the financial services provider's stock worth $245,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds 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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