John Hancock Financial Opportunities Fund (NYSE:BTO) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 45,900 shares, a decrease of 51.1% from the December 31st total of 93,900 shares. Based on an average daily trading volume, of 79,200 shares, the days-to-cover ratio is currently 0.6 days.
A number of large investors have recently modified their holdings of the business. First Trust Advisors LP grew its holdings in shares of John Hancock Financial Opportunities Fund by 35.9% during the 1st quarter. First Trust Advisors LP now owns 30,061 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 7,944 shares during the period. Bank of America Corp DE raised its position in John Hancock Financial Opportunities Fund by 8.2% in the 2nd quarter. Bank of America Corp DE now owns 175,597 shares of