John Hancock Financial Opportun (NYSE:BTO) Stock Traded Lower Than Its 50 Day Moving Average – Modern Readers

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Shares last traded at $31.40 slightly below $34.35, the 50 day moving average and significantly below the 200 day moving average of $34.98. The 50 day moving average was down by -8.5900% and the 200 day average moved down $-3.58. (NYSE:BTO) shares saw heavy trading volume with 138K shares changing hands in the last trading session. Volume was up 97.28% over the stocks average daily volume. Investors are feeling more bullish of late as shown by the change in short interest. The stock saw a fall in short interest from July 31, 2017 to August 15, 2017 of -34.95%. Short shares decreased from 39,097 to 25,434 over that timeframe. A few notable investment firms have updated their holdings. As of quarter end Next Financial Group, Inc had disposed of 2,337 shares trimming its holdings by 70.0%. The value of the investment in John Hancock Financial Opportun went from $118,000 to $3,000,000 increasing 2,442.4% for the reporting period. Lebenthal Asset Management, LLC downsized its investment by shedding 30,173 shares a decrease of 45.3% from 12/31/2016 to 03/31/2017. Lebenthal Asset Management, LLC claims 36,495 shares worth $1,241,000. The total value of its holdings decreased 48.7%.
As of the end of the quarter Stratos Wealth Partners, Ltd. had sold a total of 4,930 shares trimming its stake by 18.5%. The value of the investment in (BTO) decreased from $908,000 to $784,000 a change of $124,000 quarter to quarter. Community Bank Of Raymore cut its ownership by selling 150 shares a decrease of 0.9% as of 06/30/2017. Community Bank Of Raymore now controls 16,750 shares with a value of $604,000. The value of the position overall is up by 5.0%. 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..