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 the financial services provider’s stock valued at $4,030,000 after purchasing an additional 13,308 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund during the 3rd quarter worth about $38,000. Steward Partners Investment Advisory LLC raised its position in shares of John Hancock Financial Opportunities Fund by 1.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 35,798 shares of the financial services provider’s stock worth $767,000 after acquiring an additional 500 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of John Hancock Financial Opportunities Fund by 5.9% during the 3rd quarter. D.A. Davidson & CO. now owns 11,302 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 627 shares in the last quarter. Institutional investors own 18.16% of the company’s stock.
Shares of BTO traded down $0.72 during trading hours on Friday, hitting $30.78. 46,895 shares of the stock were exchanged, compared to its average volume of 72,442. John Hancock Financial Opportunities Fund has a 12-month low of $11.29 and a 12-month high of $35.35. The stock’s 50-day moving average price is $31.32 and its two-hundred day moving average price is $25.45.
John Hancock Financial Opportunities Fund Company Profile
John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets across the globe. It seeks to invest in the stocks of companies operating across the financial services sector.
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