John Hancock Financial Opportunities Fund (NYSE:BTO) Sees Significant Decline in Short Interest

John Hancock Financial Opportunities Fund (NYSE:BTO) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 6,127 shares, a drop of 48.8% from the July 30th total of 11,963 shares. Based on an average daily trading volume, of 40,056 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of John Hancock Financial Opportunities Fund

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of John Hancock Financial Opportunities Fund by 3.0% during 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 purchasing an additional 1,311 shares during the period. Cetera Investment Advisers raised its position in shares of John Hancock Financial Opportunities Fund by 18.5% in the first quarter. Cetera Investment Advisers now owns 8,415 shares of the financial services provider’s stock valued at $302,000 after buying an additional 1,315 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of John Hancock Financial Opportunities Fund by 3.3% in the first quarter. Royal Bank of Canada now owns 267,804 shares of the financial services provider’s stock valued at $9,606,000 after buying an additional 8,443 shares during the period. Fifth Third Bancorp bought a new stake in shares of John Hancock Financial Opportunities Fund in the first quarter valued at approximately $206,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of John Hancock Financial Opportunities Fund by 4.4% in the first quarter. Kestra Advisory Services LLC now owns 15,090 shares of the financial services provider’s stock valued at $541,000 after buying an additional 639 shares during the period. 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 opened at $39.48 on Tuesday. The firm has a 50-day moving average of $40.02 and a 200-day moving average of $37.70. John Hancock Financial Opportunities Fund has a 52-week low of $32.01 and a 52-week high of $42.00.

About John Hancock Financial Opportunities Fund

John Hancock Financial Opportunities Fund (NYSE: BTO) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. Since its inception in August 2004, the fund has sought to deliver total return through a combination of current income and capital appreciation. As a publicly traded fund, it offers investors access to a diversified portfolio of financial services companies that might otherwise require direct equity investments or specialized mandates.

The fund primarily invests in common stocks, preferred stocks and convertible securities issued by companies in the banking, insurance, brokerage and specialty finance sectors.