The stock last traded at $37.73 which is marginally higher than the 50 day moving average of $35.66 and slightly over the 200 day moving average of $35.13. The 50 day moving average moved up $2.07 and the 200 day average went up by +7.40%. Trading volume for John Hancock Financial Opportun was 1,122 in the last trading session. Overall, volume was down 98.40% under the stocks normal daily volume. Investors are feeling more bearish on shares of the company of late if you watch the increase in short interest. The stock saw a rise in short interest of 9.03% as of the latest report on September 29, 2017. Short interest grew 1,372 over that period.
The following firms have recently changed their position in BTO. As of the end of the quarter Nikko Asset Management Americas, Inc. had disposed of a total of 254,600 shares trimming its holdings by 6.7%. The value of the company’s investment in John Hancock Financial Opportun decreased from $10,739,000 to $9,988,000 decreasing 7.0% quarter over quarter. As of quarter end Advisory Services Network, LLC had sold 2,190 shares trimming its stake by 82.5%. The value of the investment in BTO went from $96,000 to $17,000 a change of $79,000 quarter to quarter.
Creative Planning added to its holdings by buying 16,187 shares an increase of 510.1% as of 09/30/2017. Creative Planning now controls 19,360 shares with a value of $54,000. The value of the position overall is down by 52.6%. Bank Of Montreal /can/ augmented its investment by buying 2,400 shares an increase of 150.0% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ currently owns 4,000 shares valued at $11,000. The total value of its holdings increased 175.0%.
John Hancock Bank and Thrift Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund?s investment objective is long-term capital appreciation. The Fund invests at least 80% of its net assets in equity securities of United States regional banks and lending companies, including commercial and industrial banks, savings and loan associations and bank holding companies, which own or receive a substantial portion of their income from regional banks or thrifts. It may invest in investment-grade debt securities, as well as debt securities rated BB or below by Standard & Poor?s Ratings group (Standard & Poor?s) or Ba or below by Moody?s Investors Service, Inc. (Moody?s), or if unrated by such rating organizations, determined by the Fund?s investment advisor to be of comparable quality..