Short Interest in John Hancock Financial Opportunities Fund (NYSE:BTO) Rises By 312.1%

John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 23,617 shares, an increase of 312.1% from the January 15th total of 5,731 shares. Based on an average trading volume of 70,677 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company's stock are short sold. Currently, 0.1% of the company's stock are short sold. Based on an average trading volume of 70,677 shares, the days-to-cover ratio is currently 0.3 days.John Hancock Financial Opportunities Fund Price PerformanceNYSE BTO opened at $39.30 on Wednesday. The company has a 50 day simple moving average of $36.47 and a 200-day simple moving average of $35.63. John Hancock Financial Opportunities Fund has a 52-week low of $27.73 and a 52-week high of $39.85. John Hancock Financial Opportunities Fund Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.6%. Institutional Trading of John Hancock Financial Opportunities FundSeveral hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. purchased a new position in John Hancock Financial Opportunities Fund in the second quarter valued at about $35,000. Atlantic Union Bankshares Corp acquired a new stake in shares of John Hancock Financial Opportunities Fund during the 3rd quarter valued at about $36,000. Farther Finance Advisors LLC bought a new stake in shares of John Hancock Financial Opportunities Fund in the 4th quarter valued at approximately $43,000. International Assets Investment Management LLC bought a new position in John Hancock Financial Opportunities Fund during the fourth quarter valued at approximately $57,000. Finally, Centaurus Financial Inc. acquired a new stake in John Hancock Financial Opportunities Fund in the third quarter valued at approximately $102,000. 19.55% of the stock is currently owned by hedge funds and other institutional investors. John Hancock Financial Opportunities Fund Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than John Hancock Financial Opportunities FundNvidia CEO Issues Bold Tesla CallNEW LAW: Congress Approves Setup For Digital Dollar?Your Bank Account Is No Longer SafeBuy this Gold Stock Before May 2026What a Former CIA Agent Knows About the Coming CollapseThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in John Hancock Financial Opportunities Fund Right Now?Before you consider John Hancock Financial Opportunities Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Financial Opportunities Fund wasn't on the list.While John Hancock Financial Opportunities Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here