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

John Hancock Financial Opportunities Fund (NYSE:BTO) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,353 shares, a drop of 56.8% from the September 30th total of 7,757 shares. Based on an average daily trading volume, of 47,860 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BTO. Royal Bank of Canada lifted its stake 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 worth $9,606,000 after purchasing an additional 8,443 shares in the last quarter. FCA Corp TX increased its holdings in John Hancock Financial Opportunities Fund by 2.4% during the 1st quarter. FCA Corp TX now owns 88,984 shares of the financial services provider’s stock valued at $3,192,000 after acquiring an additional 2,064 shares in the last quarter. Bank of America Corp DE increased its stake in 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 valued at $1,620,000 after purchasing an additional 1,311 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of John Hancock Financial Opportunities Fund by 3.4% during the 1st quarter. Private Advisor Group LLC now owns 23,961 shares of the financial services provider’s stock valued at $859,000 after acquiring an additional 796 shares in the last quarter. Finally, Kestra Advisory Services LLC increased 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 acquiring an additional 639 shares during the last quarter. Institutional investors own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Stock Down 0.8%

Shares of John Hancock Financial Opportunities Fund stock opened at $37.22 on Friday. John Hancock Financial Opportunities Fund has a 12 month low of $32.01 and a 12 month high of $42.00. The business has a fifty day simple moving average of $37.62 and a 200-day simple moving average of $37.60.

John Hancock Financial Opportunities Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a dividend of $0.65 per share. The ex-dividend date was Friday, September 11th. This represents a $2.60 annualized dividend and a dividend yield of 7.0%.

John Hancock Financial Opportunities Fund Company Profile

John Hancock Financial Opportunities Fund (NYSE:BTO) is a closed-end investment company that seeks to provide investors with a high level of current income and long-term capital appreciation. The fund focuses primarily on the financial services sector.

Its portfolio may include common stocks, preferred securities and debt investments issued by companies such as banks, insurers, asset managers, brokerages, specialty finance firms and other financial institutions. The fund may also invest across different areas of the financial industry and geographic markets as its investment team identifies opportunities.

John Hancock Financial Opportunities Fund is advised by John Hancock Investment Management, the asset-management business associated with Manulife Investment Management.