John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 51,100 shares, a growth of 149.3% from the March 15th total of 20,500 shares. Based on an average trading volume of 50,400 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the company's shares are short sold.
John Hancock Financial Opportunities Fund Stock Up 1.7 %
NYSE:BTO traded up $0.52 during midday trading on Friday, hitting $30.47. The stock had a trading volume of 23,826 shares, compared to its average volume of 51,500. The stock has a 50-day moving average of $33.29 and a 200 day moving average of $35.17. John Hancock Financial Opportunities Fund has a one year low of $26.40 and a one year high of $39.87.
John Hancock Financial Opportunities Fund Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date was Thursday, March 13th.
Institutional Trading of John Hancock Financial Opportunities Fund
Hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new position in shares of John Hancock Financial Opportunities Fund in the 3rd quarter worth $511,000. Tennessee Valley Asset Management Partners bought a new position in John Hancock Financial Opportunities Fund in the fourth quarter worth about $737,000. Private Advisor Group LLC lifted its position in shares of John Hancock Financial Opportunities Fund by 10.5% during the fourth quarter. Private Advisor Group LLC now owns 15,445 shares of the financial services provider's stock valued at $551,000 after buying an additional 1,467 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of John Hancock Financial Opportunities Fund by 167.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 27,824 shares of the financial services provider's stock valued at $993,000 after buying an additional 17,429 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of John Hancock Financial Opportunities Fund in the 4th quarter valued at about $18,745,000. Hedge funds and other institutional investors own 19.55% of the company's stock.
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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