Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Grows By 193.4%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 17,900 shares, a growth of 193.4% from the June 15th total of 6,100 shares. Based on an average trading volume of 115,500 shares, the days-to-cover ratio is presently 0.2 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.8 %

Shares of NYSE FTHY traded up $0.11 during midday trading on Thursday, reaching $14.55. 68,564 shares of the company were exchanged, compared to its average volume of 140,605. First Trust High Yield Opportunities 2027 Term Fund has a 1 year low of $12.66 and a 1 year high of $14.74. The company’s fifty day moving average is $14.21.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 1st will be paid a $0.13 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.56 annualized dividend and a dividend yield of 10.72%.

Insider Buying and Selling

In other news, insider David Mcgarel bought 14,000 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction dated Tuesday, June 18th. The stock was acquired at an average cost of $14.01 per share, with a total value of $196,140.00. Following the acquisition, the insider now owns 14,000 shares of the company’s stock, valued at $196,140. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average price of $14.07 per share, for a total transaction of $281,400.00. Following the purchase, the insider now directly owns 106,000 shares in the company, valued at $1,491,420. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Mcgarel acquired 14,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average price of $14.01 per share, for a total transaction of $196,140.00. Following the completion of the purchase, the insider now owns 14,000 shares of the company’s stock, valued at approximately $196,140. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Large investors have recently modified their holdings of the stock. Aurora Private Wealth Inc. purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 1st quarter valued at approximately $691,000. Cetera Advisors LLC purchased a new position in First Trust High Yield Opportunities 2027 Term Fund in the first quarter worth $622,000. City of London Investment Management Co. Ltd. raised its position in First Trust High Yield Opportunities 2027 Term Fund by 4.1% in the first quarter. City of London Investment Management Co. Ltd. now owns 969,002 shares of the company’s stock worth $14,089,000 after acquiring an additional 38,343 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 3.0% in the first quarter. Commonwealth Equity Services LLC now owns 649,178 shares of the company’s stock valued at $9,439,000 after acquiring an additional 18,685 shares during the period. Finally, PFG Investments LLC purchased a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the 1st quarter worth $221,000.