Short Interest in John Hancock Financial Opportunities Fund (NYSE:BTO) Decreases By 99.7%

John Hancock Financial Opportunities Fund (NYSE:BTO) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 53 shares, a drop of 99.7% from the April 15th total of 18,832 shares. Based on an average daily trading volume, of 50,529 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of John Hancock Financial Opportunities Fund by 3.7% in the fourth quarter. Wells Fargo & Company MN now owns 667,192 shares of the financial services provider’s stock worth $23,405,000 after acquiring an additional 23,822 shares during the period. Raymond James Financial Inc. raised its position in John Hancock Financial Opportunities Fund by 5.3% during the second quarter. Raymond James Financial Inc. now owns 558,810 shares of the financial services provider’s stock valued at $19,793,000 after acquiring an additional 28,231 shares in the last quarter. Stifel Financial Corp grew its stake in shares of John Hancock Financial Opportunities Fund by 0.3% during the 4th quarter. Stifel Financial Corp now owns 86,733 shares of the financial services provider’s stock worth $3,043,000 after purchasing an additional 302 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of John Hancock Financial Opportunities Fund during the 4th quarter valued at approximately $2,671,000. Finally, Readystate Asset Management LP purchased a new stake in John Hancock Financial Opportunities Fund during the fourth quarter worth $2,481,000. 19.55% of the stock is currently owned by hedge funds and other institutional investors.

John Hancock Financial Opportunities Fund Trading Down 0.1%

Shares of John Hancock Financial Opportunities Fund stock opened at $36.65 on Tuesday. John Hancock Financial Opportunities Fund has a 1 year low of $32.01 and a 1 year high of $39.85. The firm’s 50-day moving average is $35.86 and its two-hundred day moving average is $35.78.

John Hancock Financial Opportunities Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, March 12th. This represents a $2.60 annualized dividend and a dividend yield of 7.1%.

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.