John Hancock Financial Opportunities Fund (NYSE:BTO) Stock Short Interest Report for September

John Hancock Financial Opportunities Fund (NYSE:BTO) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 7,757 shares, a growth of 102.1% from the September 15th total of 3,838 shares. Based on an average trading volume of 43,673 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On John Hancock Financial Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its position in John Hancock Financial Opportunities Fund by 3.3% in the 1st quarter. Royal Bank of Canada now owns 267,804 shares of the financial services provider’s stock valued at $9,606,000 after acquiring an additional 8,443 shares in the last quarter. FCA Corp TX raised its stake in shares of John Hancock Financial Opportunities Fund by 2.4% in the first quarter. FCA Corp TX now owns 88,984 shares of the financial services provider’s stock worth $3,192,000 after acquiring an additional 2,064 shares during the last quarter. Bank of America Corp DE raised its stake in shares of John Hancock Financial Opportunities Fund by 3.0% in the first quarter. Bank of America Corp DE now owns 45,151 shares of the financial services provider’s stock worth $1,620,000 after acquiring an additional 1,311 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of John Hancock Financial Opportunities Fund by 3.4% during the first quarter. Private Advisor Group LLC now owns 23,961 shares of the financial services provider’s stock worth $859,000 after purchasing an additional 796 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of John Hancock Financial Opportunities Fund by 4.4% during the first quarter. Kestra Advisory Services LLC now owns 15,090 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 639 shares in the last quarter. Institutional investors and hedge funds own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Stock Down 0.9%

Shares of BTO traded down $0.31 on Wednesday, hitting $35.88. The company’s stock had a trading volume of 10,215 shares, compared to its average volume of 47,553. John Hancock Financial Opportunities Fund has a fifty-two week low of $32.01 and a fifty-two week high of $42.00. The company has a 50 day moving average price of $38.62 and a 200 day moving average price of $38.08.

John Hancock Financial Opportunities Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were given a $0.65 dividend. The ex-dividend date was Friday, September 11th. This represents a $2.60 annualized dividend and a yield of 7.2%.

About John Hancock Financial Opportunities Fund

John Hancock Financial Opportunities Fund is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol BTO. The fund is designed to provide investors with exposure to the financial services sector rather than operating as a traditional financial services company.

The fund seeks a high level of current income and long-term capital appreciation by investing primarily in companies involved in banking, insurance, asset management, financial technology and other financial-related activities.