John Hancock Financial Opportunities Fund (NYSE:BTO – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 16,900 shares, a growth of 85.7% from the May 31st total of 9,100 shares. Based on an average daily volume of 51,600 shares, the short-interest ratio is currently 0.3 days.
John Hancock Financial Opportunities Fund Stock Performance
NYSE:BTO traded up $0.60 during trading hours on Friday, hitting $28.01. The company had a trading volume of 132,325 shares, compared to its average volume of 63,426. The stock has a 50-day moving average price of $27.86 and a 200 day moving average price of $28.67. John Hancock Financial Opportunities Fund has a 52 week low of $22.96 and a 52 week high of $31.42.
John Hancock Financial Opportunities Fund Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 9.28%. The ex-dividend date was Thursday, June 13th.
Institutional Trading of John Hancock Financial Opportunities Fund
Wall Street Analysts Forecast Growth
Separately, Scotiabank upgraded shares of John Hancock Financial Opportunities Fund to a “strong-buy” rating in a report on Thursday, May 9th.
Read Our Latest Analysis on John Hancock Financial Opportunities Fund
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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