John Hancock Financial Opportunities Fund (NYSE:BTO) Short Interest Down 55.1% in February

John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 14,600 shares, a decline of 55.1% from the January 31st total of 32,500 shares. Based on an average trading volume of 44,600 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On John Hancock Financial Opportunities Fund

A number of large investors have recently bought and sold shares of BTO. Raymond James Financial Inc. acquired a new position in shares of John Hancock Financial Opportunities Fund during the fourth quarter worth about $18,745,000. Cornerstone Advisors LLC increased its position in John Hancock Financial Opportunities Fund by 132.9% during the 3rd quarter. Cornerstone Advisors LLC now owns 226,737 shares of the financial services provider's stock worth $7,519,000 after purchasing an additional 129,371 shares during the period. LPL Financial LLC raised its stake in shares of John Hancock Financial Opportunities Fund by 66.8% during the 4th quarter. LPL Financial LLC now owns 185,773 shares of the financial services provider's stock worth $6,630,000 after buying an additional 74,403 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of John Hancock Financial Opportunities Fund by 3,216.0% in the 3rd quarter. International Assets Investment Management LLC now owns 60,517 shares of the financial services provider's stock valued at $1,825,000 after buying an additional 58,692 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of John Hancock Financial Opportunities Fund by 288.4% in the third quarter. Stephens Inc. AR now owns 44,757 shares of the financial services provider's stock valued at $1,484,000 after buying an additional 33,233 shares in the last quarter. Hedge funds and other institutional investors own 19.55% of the company's stock.

John Hancock Financial Opportunities Fund Price Performance

Shares of John Hancock Financial Opportunities Fund stock traded down $0.67 during trading hours on Monday, hitting $34.98. 46,509 shares of the company were exchanged, compared to its average volume of 46,805. The business has a 50-day moving average of $36.33 and a 200-day moving average of $35.31. John Hancock Financial Opportunities Fund has a 1 year low of $26.11 and a 1 year high of $39.87.

About John Hancock Financial Opportunities Fund

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.