John Hancock Financial Opportunities Fund (NYSE:BTO) Short Interest Up 17,549.1% in May

John Hancock Financial Opportunities Fund (NYSE:BTO) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 9,354 shares, a growth of 17,549.1% from the April 30th total of 53 shares. Based on an average daily volume of 45,446 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

John Hancock Financial Opportunities Fund Stock Down 0.0%

Shares of BTO opened at $36.59 on Friday. The company’s 50 day moving average price is $36.27 and its 200 day moving average price is $36.01. John Hancock Financial Opportunities Fund has a 52 week low of $32.01 and a 52 week high of $39.85.

John Hancock Financial Opportunities Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were paid a $0.65 dividend. The ex-dividend date was Thursday, March 12th. This represents a $2.60 dividend on an annualized basis and a yield of 7.1%.

Institutional Trading of John Hancock Financial Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new stake in John Hancock Financial Opportunities Fund in the third quarter valued at approximately $36,000. Farther Finance Advisors LLC acquired a new stake in John Hancock Financial Opportunities Fund in the fourth quarter valued at approximately $43,000. International Assets Investment Management LLC acquired a new stake in John Hancock Financial Opportunities Fund in the fourth quarter valued at approximately $57,000. Centaurus Financial Inc. acquired a new stake in John Hancock Financial Opportunities Fund in the third quarter valued at approximately $102,000. Finally, Fifth Third Bancorp acquired a new stake in John Hancock Financial Opportunities Fund in the first quarter valued at approximately $206,000. 19.55% of the stock is currently owned by institutional investors and hedge funds.

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.